TaxTMI 
TaxTMI 
Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount
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....mat specified in Annexure - A, after the expiry of 2 months from the date of listing on the latest stock exchange which permitted listing. 3. The application for NOC shall be filed by the Post Issue Lead Merchant Banker (PILMB), provided that all issue related complaints have been resolved by the PILMB/ issuer, with the concerned designated office of SEBI under which the registered office of the issuer falls, as specified in Annexure - B. 4. On the date of application for NOC, the bank guarantees, if any, which form part of the 1% deposit by issuer shall have a residual validity of minimum of 2 months. 5. The PILMB shall submit a certificate confirming that all the Self-Certified Syndicate Banks (SCSBs) involved in Application Supported by Blocked Amount (ASBA) have unblocked ASBA accounts. The application for NOC shall be considered incomplete by SEBI if the application for NOC is not accompanied by a confirmation by PILMB that all the accounts in ASBA have been 'unblocked'. 6. SEBI shall issue the NOC after satisfying itself that the complaints arising from the issue received on SEBI Complaint Redress System (SCORES) against the issuer have been resolved to its satisf....
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.... to promote the development of, and to regulate the securities market. 12. This Circular is available on SEBI website at www.sebi.gov.in. Yours faithfully, Vandana Rajesh Kumar Deputy General Manager Investor Grievance Redressal Division Office of Investor Assistance and Education Tel No. 022 26449646 Email id - [email protected] Annexure - A (to SEBI/HO/OIAE/IGRD/P/CIR/2022/0151 dated November 07, 2022) APPLICATION FORM FOR ISSUE OF NO OBJECTION CERTIFICATE FOR RELEASE OF 1% DEPOSIT PLACED WITH THE DESIGNATED STOCK EXCHANGE Item Details 1. Issuer Company with ROC registration number 2. Designated Stock Exchange (DSE) 3. Post Issue Lead Merchant Banker (PILMB) 4. Registrar to the Issue (RTI) 5. 1% deposit details: a. Cash component b. Bank Guarantee c. Total d. Date of expiry of Bank Guarantee, if applicable (min 2 months remaining validity; enclose copy) 6. Issue details for which NOC is sought: a. Issue type & security issued b. Number of securities offered c. Offer price per security for different....
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....ate as per following format): Source Received Resolved Pending* SEBI Stock Exchange(s) Investors' Associations / Others Direct Total * Give reasons for pending complaints, if any. Enclose certificate from PILMB/RTI's that no investor complaints are pending against the issuer as on date 9. Status of Refund Account: a. Total amount transferred to Refund Account b. Names of refund bankers c. Consolidated balance outstanding in Refund Accounts as of latest date (enclose bank certificates) 10. Status of Securities Escrow Account: a. Total number of securities transferred to the securities escrow account b. Balance outstanding in Securities Escrow Accounts as of latest date (enclose DP certificate / statement) 11. Certificate from the DSE to the issuer company that the fees and commissions of all intermediaries associated with the issue including ASBA commission to banks have been paid by th....
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....try error. • the refund of money or credit of shares, if any, is pending after all efforts were made to communicate to the applicants viz., address as in the application, address as in the demat account, email, phone calls. 13. Any other information: CERTIFIED that the information given above and also in the enclosures are true to the best of our knowledge and no refund orders/allotment letters/certificates are pending for despatch / credit in respect of the issue. For Company (Name & Signature of Authorised Signatory) Place: Date: Countersigned by: Post Issue Lead Merchant Banker (Name & Signature of Authorised Signatory) Place: Date: Annexure - B (to SEBI/HO/OIAE/IGRD/P/CIR/2022/0151 dated November 7, 2022) Jurisdiction of Regional offices / Head office of SEBI for processing application for NOC SEBI Office Registered Office of the issuer company SEBI (Head Office) SEBI Bhavan Plot No.C4-A,'G' Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Tel. Board: +91-22-26449000 / 40459000 Fax : +91-22-26449019-22/40459019-22 Maharashtra ....
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....of despatch as mentioned in Table II. • Where the complaint is pending for redressal as additional documents / information has been sought from the complainant then, the ATR should contain details mentioned in Tables III and II B. • Wherever a matter is sub-judice, it has to be indicated and copy of the stay / injunction obtained should be enclosed Table I: Instrument details A. Refund / Dividend / Interest / Redemption /unblocking If through Physical mode If through Electronic mode • Amount payable • Amount paid • Reason for the difference, if any. • Payment instrument no. • MICR No. • Advice by banker reg credit / encashment in case the instruments has been despatched more than 6 months ago. • Bank account No. • RBI sequence No. • Date of credit • Advice by banker reg credit / encashment in case the instruments has been despatched more than 30 days ago. • Copy of instruction to self- certified syndicate bank for unblocking (ASBA) B. Securities....