https://www.taxtmi.com/acts?id=35702 The post-issue merchant banker must maintain close coordination with registrars and intermediaries to monitor application flow and ASBA processing, ensure despatch of securities and refunds, and oversee listing formalities until allotment is finalised. The banker must report any intermediary omissions or commissions to the Board, issue devolvement notices to underwriters within ten days of closure when devolvement occurs, report underwriter defaults in the prescribed format for undersubscribed issues, and confirm completion of formalities to bankers by supplying listing and trading approvals so funds may be released or refunded. en-us Mon, 28 Jan 2019 11:38:21 +0530 Mon, 28 Jan 2019 11:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35702 The post-issue merchant banker must maintain close coordination with registrars and intermediaries to monitor application flow and ASBA processing, ensure despatch of securities and refunds, and oversee listing formalities until allotment is finalised. The banker must report any intermediary omissions or commissions to the Board, issue devolvement notices to underwriters within ten days of closure when devolvement occurs, report underwriter defaults in the prescribed format for undersubscribed issues, and confirm completion of formalities to bankers by supplying listing and trading approvals so funds may be released or refunded. Act-Rules SEBI Mon, 28 Jan 2019 11:38:21 +0530 https://www.taxtmi.com/acts?id=35702