Monitoring agency

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....suer shall make arrangements for the use of proceeds of the issue to be monitored by a public financial institution or by one of the scheduled commercial banks named in the offer document as bankers of the issuer: Provided that nothing contained in this clause shall apply to ^3[ ] an issue of specified securities made by a bank or public financial institution ^4[or an insurance company]. ^5[....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ital and Disclosure Requirements) (Second Amendment) Regulations, 2017, w.e.f. 31.5.2017. 2 Substituted ibid. 3 The words "an offer for sale or" omitted ibid. 4 Inserted by the SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2010, w.e.f. 12.11.2010. 5 Substituted by the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulation....