https://www.taxtmi.com/acts?id=40056 Minimum subscription requires a prescribed threshold of the base issue size, with an exemption for issuers of tax-free bonds. If minimum subscription is not received, all blocked application money must be unblocked within the specified working day period from issue closure or such time as the Board specifies; failure to do so obliges the issuer to pay interest on the delayed amount at the prescribed annual rate for the delayed period. en-us Tue, 10 Aug 2021 16:40:59 +0530 Tue, 06 Aug 2024 11:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40056 Minimum subscription requires a prescribed threshold of the base issue size, with an exemption for issuers of tax-free bonds. If minimum subscription is not received, all blocked application money must be unblocked within the specified working day period from issue closure or such time as the Board specifies; failure to do so obliges the issuer to pay interest on the delayed amount at the prescribed annual rate for the delayed period. Act-Rules SEBI Tue, 10 Aug 2021 16:40:59 +0530 https://www.taxtmi.com/acts?id=40056