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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount - SEBI - SEBI/HO/OIAE/IGRD/P/CIR/2022/0151

Extract

..... o the issuer after obtaining the NOC from SEBI. 2. For the purpose of obtaining the NOC from SEBI, the issuer is required to submit an application on its letter head addressed to SEBI in the format specified in Annexure - A, after the expiry of 2 months from the date of listing on the latest stock exchange which permitted listing. 3. The application for NOC shall be filed by the Post Issue Lead Merchant Banker (PILMB), provided that all issue related complaints have been resolved by the PILMB/ issuer, with the concerned designated office of SEBI under which the registered office of the issuer falls, as specified in Annexure - B. 4. On the date of application for NOC, the bank guarantees, if any, which form part of the 1% deposit by issuer s .....

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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount - SEBI

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..... SEBI in this regard till date and shall come into force from the date of its issue: i. Circular no. OIAE/Cir-1/2009 dated November 25, 2009 ii. Circular no. CIR/OIAE/001/2015 dated November 30, 2015 iii. Circular no. SEBI/HO/OIAE/IGRD/CIR/P/2021/588 dated July 05, 2021 10. Notwithstanding such rescission, a. anything done or any action taken or purported to have been done or taken under the rescinded circulars, prior to such rescission, shall be deemed to have been done or taken under the corresponding provisions of this Master Circular; b. any application made to the Board under the rescinded circulars, prior to such rescission, and pending before it shall be deemed to have been made under the corresponding provisions of these regulations .....

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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount - SEBI

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..... Bank Guarantee, if applicable (min 2 months remaining validity; enclose copy) 6. Issue details for which NOC is sought: a. Issue type & security issued b. Number of securities offered c. Offer price per security for different categories d. Issue size / amount raised e. Issue open and close date f. Subscription and allotment details Category Application details Allotment details Refund amount No. of (Rs.) No. of (Rs.) Appl. received Number of securities (Equity shares) Value (Rs.) Number of Allottees Number of securities (equity shares) Value (Rs.) 7. Listing details: a. Date of grant of permission to list securities on DSE b. In case of delay in listing, give reasons. In case of multiple Listing: c. Names of all the Stock Exchange (SE) .....

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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount - SEBI

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..... Account: a. Total amount transferred to Refund Account b. Names of refund bankers c. Consolidated balance outstanding in Refund Accounts as of latest date (enclose bank certificates) 10. Status of Securities Escrow Account: a. Total number of securities transferred to the securities escrow account b. Balance outstanding in Securities Escrow Accounts as of latest date (enclose DP certificate / statement) 11. Certificate from the DSE to the issuer company that the fees and commissions of all intermediaries associated with the issue including ASBA commission to banks have been paid by the company 12. Additional compliance requirement only if there is balance in the Refund Account / Securities Escrow account: a. Arrange to issue two reminders t .....

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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount - SEBI

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..... in the application, address as in the demat account, email, phone calls. 13. Any other information: CERTIFIED that the information given above and also in the enclosures are true to the best of our knowledge and no refund orders/allotment letters/certificates are pending for despatch / credit in respect of the issue. For Company (Name & Signature of Authorised Signatory) Place: Date: Countersigned by: Post Issue Lead Merchant Banker (Name & Signature of Authorised Signatory) Place: Date: Annexure - B (to SEBI/HO/OIAE/IGRD/P/CIR/2022/0151 dated November 7, 2022) Jurisdiction of Regional offices / Head office of SEBI for processing application for NOC SEBI Office Registered Office of the issuer company SEBI (Head Office) SEBI Bhavan .....

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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount - SEBI

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..... specified below. (ii) The proforma shall be strictly adhered to, failing which the status of the complaint will not be updated by SEBI. Sr. No. Complaint Ref. No. Type/ Category Name of complainant Date of action Action taken in brief nature of action taken instrument & despatch details (Table I & II) [or] correspondence & despatch details (Table III) [or] stay details ATR shall contain the following details / information / documents: Where the company has made payment or despatched securities, then the ATR should contain details of instrument as mentioned in Table I along with details of despatch as mentioned in Table II. Where the complaint is pending for redressal as additional documents / information has been sought from the .....

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Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount - SEBI

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