9911796707
TMI BlogAMENDMENTS TO OTHER REGULATIONSX X X X Extracts X X X X X X X X Extracts X X X X ..... on (1), the following sub-regulation shall be inserted, namely:- "(1A) The debenture trustee shall: (a) obtain reports from the lead bank regarding progress of the project; (b) monitor utilisation of funds raised in the issue; (c) obtain a certificate from the issuer's auditors: (i) in respect of utilisation of funds during the implementation period of the project; and (ii) in the case of debentures issued for financing working capital, at the end of each accounting year." (2) Amendment of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992. (i) in regulation 9, after sub-regulation (1A), the following sub-regulation shall be inserted, namely: "(1B) The application for renewal under sub-regulation (1) sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... minee director, amongst the issuer, its subsidiary or holding company and the merchant banker." (v) regulations 23, 24, 24A and 25 shall be omitted; (vi) regulation 28 shall be renumbered as "28.(1)" and after the renumbered sub-regulation (1), the following sub-regulation shall be inserted, namely:- "(2) The merchant banker shall submit a half yearly report for the period ending with 31st March and 30th September of every year, in the format specified in schedule IV, within three months from the close of the period to which it corresponds." (vii) in Schedule I , Form C shall be omitted; (viii) Schedule IV shall be substituted with the following, namely:- "SECURITIES AND EXCHANGE BOARD OF INDIA (MERCHANT BANKERS) REGULATIONS, 1992 SC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Issue Closing date No. of times oversubscribed Functional Responsibility Stock Exchanges where instruments were to be listed Reasons for delay in listing First date of trading in respective SEs Opening trading price at respective SEs Current market price Remarks (12) Penalty/warnings given by SEBI, if any. (13) Underwriting activities (a) Total number of issues underwritten during the period. (b) Total amount underwritten during the period (Rs. In lakhs). (c) Outstanding underwriting commitment at the close of the period (Rs. in lakhs). (d) Details of disputed/devolved cases Sr. No. Name of the issuer Instrument Amount under-written (Rs. in lakhs) Amount devolved (Rs. in lakhs) Devolvement met yes/no If not met, the rea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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