Examples of March 16 Circular in a sentence
The SCSBs, the Sponsor Banks and the Registrar to the Offer shall provide the relevant confirmations to the BRLMs in accordance with the March 16 Circular, the June 2 Circular and the April 20 Circular.
Each member of the Syndicate, upon incurring any liabilities in terms of the ICDR Master Circular, March 16 Circular, the June 2 Circular and the SEBI circular no.
All payments towards processing fee or selling commission shall be released only after ascertaining that there are no pending complaints pertaining to block/unblock of Bids and upon receipt of confirmation on completion of unblocks from Sponsor Bank, SCSBs and the Registrar as specified under the March 16 Circular read with the SEBI RTA Master Circular.
All payments towards processing fee or selling commission shall be released only after ascertaining that there are no pending complaints pertaining to blocking / unblocking of Bid Amounts and upon receipt of confirmation on completion of unblocking of Bid Amounts from the Sponsor Banks, SCSBs and the Registrar to the Offer as specified under the March 16 Circular.
Provided however that, in relation to this Section 7.5, the Company will not be responsible to for any compensation or reimbursement or payment to the extent any delay in redressal of any grievance by the SCSBs in accordance with the March 16 Circular, has resulted, solely and directly, from the relevant Lead Manager’s gross negligence or willful misconduct, or fraud, as finally judicially determined by a court of competent jurisdiction after exhaustion of all remedies under Applicable Laws.
The Bankers to the Offer shall not in any case whatsoever use the amounts held in the Escrow Accounts, Public Offer Account and/or Refund Account in any manner whatsoever to satisfy any indemnity or liability contemplated in this Clause incurred by them and acknowledges that the provisions of the March 16 Circular shall be deemed to be incorporated in the deemed agreement between the Bank and the SCSBs to the extent applicable.
The Surplus Amount shall be transferred to the Refund Account at the instructions of the BRLMs and the Registrar to the Offer in accordance with the procedure specified in the Red Xxxxxxx Prospectus, this Agreement, the March 16 Circular and the June 2 Circular, as applicable.
Each BRLM, upon incurring any liabilities in terms of the March 16 Circular, June 2 Circular and April 20 Circular will promptly intimate the Company.
Registrar to the Offer shall keep a track of details of unblock of applications received from SCSBs, on a daily basis, in the format prescribed in the March 16 Circular and June 2 Circular.
All payments towards processing fee or selling commission shall be released only after ascertaining that there are no pending complaints pertaining to blocking / unblocking of Bid Amounts and upon receipt of confirmation on completion of unblocking of Bid Amounts from the Sponsor Banks, SCSBs and the Registrar to the Offer as specified under the March 16 Circular read with the SEBI RTA Master Circular.