Issue of No Objection Certificate for release of 1% of issue amount

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.... of 1% of issue amount 1. As per the extant Listing Agreement with the Stock Exchanges, an issuer company deposits 1% of the issue amount of the securities offered to the public and/or to the holders of the existing securities of the company, as the case may be, with the designated stock exchange. SEBI, vide circular no. OIAE/Cir-1/2009 dated November 25, 2009, had laid down the procedure for iss....

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....Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 and SEBI (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008". (b) In para 5(b) of the Circular the words „Listing Agreement‟ shall stand deleted. 3. This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act....