General responsibilities of an underwriter.

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..... General responsibilities of an underwriter. 15. (1) The underwriter shall not derive any direct or indirect benefit from underwriting the issue other than the commission or brokerage payable under an .....

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..... hall subscribe to such securities within 45 days of the receipt of such intimation from such body corporate. ****** 1 Substituted for the words, brackets and figures clause (b) of rule 4 by the SEBI ( .....

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