https://www.taxtmi.com/notifications?id=140185 The amendments replace and standardise underwriting provisions: issuers seeking underwriting for initial or further public offers must enter underwriting agreements with registered merchant bankers, stock brokers, lead managers or syndicate members prior to filing the prospectus or red herring prospectus, specifying maximum subscriptions and obligations for rejected bids at prices not less than the issue price, disclose such agreements in the prospectus, require lead managers to meet minimum underwriting obligations and to cover syndicate defaults, and limit underwriting subscriptions solely to fulfil underwriting obligations. en-us Tue, 23 May 2023 00:00:00 +0530 Wed, 24 May 2023 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140185 The amendments replace and standardise underwriting provisions: issuers seeking underwriting for initial or further public offers must enter underwriting agreements with registered merchant bankers, stock brokers, lead managers or syndicate members prior to filing the prospectus or red herring prospectus, specifying maximum subscriptions and obligations for rejected bids at prices not less than the issue price, disclose such agreements in the prospectus, require lead managers to meet minimum underwriting obligations and to cover syndicate defaults, and limit underwriting subscriptions solely to fulfil underwriting obligations. Notifications SEBI Tue, 23 May 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140185