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Monitoring agency

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..... he 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) The monitoring agency shall submit it .....

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..... ions, 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, w.e.f. 31.5.2017. Prior to such substitution, the sub-regul .....

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