With reference to the SEBI (ICDR), Regulations, 2018, answer in brief (with reasons): If a company did not receive minimum subscription of 90%, state the time period within which the amount should be refunded.
CS Executive · Securities Laws and Capital Markets · PYQS · June 2024
With reference to the SEBI (ICDR), Regulations, 2018, answer in brief (with reasons): If a company did not receive minimum subscription of 90%, state the time period within which the amount should be refunded.
Answer & Explanation:
As per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, in the event of non-receipt of minimum subscription of 90%, all application monies received shall be refunded to the applicants forthwith, but not later than 4 days from the closure of the issue.
Topics: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Related Questions in this Topic
- SEBI has recently introduced the concept of Social Stock Exchange? Define the Social Stock Exchange and nature of entity...
- With an aim to list startups, which are making intensive use of technology and intellectual property, SEBI had introduce...
- With an aim to list startups, which are making intensive use of technology and intellectual property, SEBI had introduce...
- With reference to the SEBI (ICDR), Regulations, 2018, answer in brief (with reasons): Cap on the price band.
- With reference to the SEBI (ICDR), Regulations, 2018, answer in brief (with reasons): Lock-in of specified securities he...