Monitoring agency

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..... e 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 [(2) T .....

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..... d 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) Regulations, 2017 .....

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