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Monitoring agency

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Full Text of the Document

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....d that nothing contained in this clause shall apply to an issue of specified securities made by a bank or public financial institution or an insurance company. (2) The monitoring agency shall submit its report to the issuer in the format specified in Schedule XI on a quarterly basis, till ^3[hundred per cent]. of the proceeds of the issue ^1[actually raised] ^4[****] have been utilised. (3) ....

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