https://www.taxtmi.com/acts?id=35684 Regulation 51 requires the post-issue lead merchant banker to ensure that moneys received in respect of the issue are released to the issuer in compliance with section 73 of the Companies Act, 1956, thereby placing responsibility on the lead merchant banker to oversee release of issue proceeds and verify conformity with the statutory requirements governing application monies. en-us Mon, 28 Jan 2019 11:13:45 +0530 Mon, 28 Jan 2019 11:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35684 Regulation 51 requires the post-issue lead merchant banker to ensure that moneys received in respect of the issue are released to the issuer in compliance with section 73 of the Companies Act, 1956, thereby placing responsibility on the lead merchant banker to oversee release of issue proceeds and verify conformity with the statutory requirements governing application monies. Act-Rules SEBI Mon, 28 Jan 2019 11:13:45 +0530 https://www.taxtmi.com/acts?id=35684