Allotment Account definition

Allotment Account means the account opened with the Banker to the Issue, into which the Application Money lying credit to the Escrow Account and amounts blocked by Application Supported by Blocked Amount in the ASBA Account, with respect to successful Applicants will be transferred on the Transfer Date in accordance with Section 40(3) of the Companies Act;
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Allotment Account means the account established in accordance with Clause 2.2 of this Agreement;
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Allotment Account means the Allotment Account opened by Axis Bank
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Examples of Allotment Account in a sentence

  • The Company and/or the Lead Manager, shall intimate in writing to the Monitoring Agency, the details of the amounts that are to be transferred from the Issue Monitoring Account to other accounts of the Company or amounts which are to be transferred from the Allotment Account with respect to the Issue expenses, or any other account at the discretion of the Company in compliance with the Objects of the Issue.

  • While such Net Proceeds for the Issue deposited in the Issue Monitoring Account will be utilized by the Company towards Objects of the Issue, the Monitoring Agency shall be liable to monitor Issue Proceeds in terms of this Agreement, the issue expenses lying to the credit of Allotment Account in terms of the Bankers to the Issue Agreement in accordance with Applicable Laws.

  • The Company will establish an account, which will be designated as Monitoring Account in which the Net Proceeds shall be deposited from the Allotment Account, opened in terms of the Banker to the Issue Agreement after the receipt of listing and trading approval by the Company with respect to Equity Shares to be issued in the Issue (the “Issue Monitoring Account”).


More Definitions of Allotment Account

Allotment Account means the Allotment Account opened by ICICI Bank;
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Allotment Account the account opened with the Banker to the Issue, into which the amounts blocked by Application Supported by Blocked Amount in the ASBA Account, with respect to successful Applicants will be transferred on the Transfer Date in accordance with Section 40(3) of the Companies Act.
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Related to Allotment Account

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.