Public Issue Account definition

Public Issue Account means bank account(s) to be opened with the Public Issue Account Bank under Section 40(3) of the Companies Act, 2013, to receive monies from the Escrow Account(s) and ASBA Accounts on the Designated Date;

Public Issue Account means the bank account opened with the Public Issue Account Bank under Section 40(3) of the Companies Act, 2013 to receive monies from the Escrow Accounts and the ASBA Accounts on the Designated Date;

Public Issue Account means an account opened with the Bankers to the Issue by the Company under Section 40 of the Companies Act, 2013 to receive monies from the Escrow Account(s) and to which the funds shall be transferred by the SCSBs from the ASBA Accounts of the successful Allottees, on or after the Designated Date;

Examples of Public Issue Account in a sentence

• The values that have been used in the final simulation are contained in Table 6.

• The balance amount after transfer to the Public Issue Account shall be transferred to the Refund Account.

• On the basis of instructions from the Registrar to the Issue, the SCSBs may transfer the requisite amount against each successful ASBA Application to the Public Issue Account and may unblock the excess amount, if any, in the ASBA Account.

• Upon receipt of requisite instructions from the Lead Managers and the Registrar in the manner detailed in the Escrow Agreement, the Escrow Collection Banks shall transfer the monies from the Non Resident Escrow Accounts to a separate bank account, (“Non Resident Public Issue Account”), which shall be different from the Public Issue Account.

• The Application Amount shall remain blocked in the ASBA Account until transfer of the Application Amount to the Public Issue Account, or until withdrawal/ failure of the Issue or until rejection of the ASBA Application, as the case may be.

More Definitions of Public Issue Account

Public Issue Account has the meaning ascribed to such term in the Issue Documents.

Public Issue Account means the account to be opened with the Banker to the Issue under Section 40(3) of the Companies Act 2013 to receive monies from the ASBA Accounts on the Designated Date;

Public Issue Account means the account established in accordance with Clause 2.3 of this Agreement;

Public Issue Account means account to be opened to receive monies from the Escrow Account and ASBA Accounts on the Designated Date.

Public Issue Account means a no lien and non-interest bearing account opened in accordance with the provisions of Section 40(3) of the Companies Act, 2013 to receive monies from the Escrow Accounts and the ASBA Accounts on the Designated Date, in this case being State Bank of India;

Public Issue Account means account opened with the Banker to the Issue to receive monies from the SCSBs from the bank account of the ASBA applicant, on the designated date.

Public Issue Account means the Public Issue Account as and when opened by the Issuer Company with a designated Banker to the Issue in order to collect the subscription monies procured from this Issue of Shares.