Write short notes on the following: Bankers to an issue
CS Executive · Securities Laws and Capital Markets · PYQS · December 2018
Write short notes on the following: Bankers to an issue
Answer & Explanation:
According to SEBI (Bankers to an Issue) Regulations, 1994, "banker to an issue" means a scheduled bank carrying on all or any of the following activities: Acceptance of application and application monies; Acceptance of allotment or call monies; Refund of application monies; Payment of dividend or interest warrants.
Topics: SEBI (Bankers to an Issue) Regulations, 1994
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