https://www.taxtmi.com/acts?id=35962 The on-line IPO framework requires issuers to contract with exchanges, appoint a connected Registrar, disclose intermediaries, and vest coordination responsibility in the Lead Manager. Stock exchanges appoint SEBI-registered brokers as collection centres; brokers must accept orders, perform client identification, collect margin money into a segregated escrow account, enter validated orders in the system, forward daily order data to the Registrar, and bear financial responsibility for client defaults while exchanges may inspect records and supervise member activity. en-us Wed, 06 Feb 2019 16:22:33 +0530 Wed, 06 Feb 2019 16:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35962 The on-line IPO framework requires issuers to contract with exchanges, appoint a connected Registrar, disclose intermediaries, and vest coordination responsibility in the Lead Manager. Stock exchanges appoint SEBI-registered brokers as collection centres; brokers must accept orders, perform client identification, collect margin money into a segregated escrow account, enter validated orders in the system, forward daily order data to the Registrar, and bear financial responsibility for client defaults while exchanges may inspect records and supervise member activity. Act-Rules SEBI Wed, 06 Feb 2019 16:22:33 +0530 https://www.taxtmi.com/acts?id=35962