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 ‘no-lien’ and ‘non-interest bearing’ account to be opened with the Public Issue Account Bank, under Section 40(3) of the Companies Act to receive monies from the Escrow Account 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;

Examples of Public Issue Account in a sentence

• In respect of Bids made by UPI Bidders using UPI ID, Registrar shall share the debit file post approval of the Basis of Allotment with the Sponsor Banks to enable transfer of funds from the ASBA Account to the Public Issue Account.

• The Escrow Collection Bank should ensure that the entire funds in the Escrow Account are either transferred to the Public Issue Account or the Refund Account and appropriately confirm the same to the Registrar and the BRLMs (with a copy to the Company).

• Upon receipt of instructions and accounts closure letter from the Company, BRLMs and/or the Registrar, the Public Issue Account Bank shall take the steps necessary to ensure closure of the Public Issue Account promptly and after all monies in the Public Issue Account are transferred to the accounts of the Company or the Surplus Amounts are transferred to the Refund Account, in accordance with the terms of this Agreement.

• Such termination shall be effected by a prior notice of not less than two weeks in writing, and shall come into effect only on transfer of the amounts standing to the credit of the Escrow Accounts, Public Issue Account or Refund Account to the substitute banker to the issue.

• Such erstwhile Banker(s) to the Issue shall continue to be liable for all actions or omissions until such termination and the duties and obligations contained herein until the appointment of substitute banker to the Issue, and the transfer of the Bid Amounts or other monies lying to the credit of the Escrow Accounts, Public Issue Account or Refund Account, as the case may be.

More Definitions of Public Issue Account

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;

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 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 account to be opened to receive monies from the Escrow Account and ASBA Accounts 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.

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