Public Issue Account Bank definition

Public Issue Account Bank means a bank which is a clearing member and registered with SEBI as a banker to an issue and with which the Public Issue Account will be opened, in this case being ICICI Bank Limited;
Sample 1
Public Issue Account Bank shall have the meaning ascribed to such term in the preamble to this Agreement, i.e., HDFC Bank Limited;
Sample 1
Public Issue Account Bank has the meaning attributed to such term in the preamble of this Agreement.
Sample 1

Examples of Public Issue Account Bank in a sentence

  • If any of the instructions are not in the form set out in this Agreement, the Escrow Collection Bank, Public Issue Account Bank, the Refund Bank and the Sponsor Bank shall bring it to the knowledge of the Company and the BRLM immediately and seek clarifications to the Parties’ mutual satisfaction.

  • The terms of this Agreement may be terminated by the Company in consultation with the BRLM, in respect of the Escrow Collection Bank; or any Public Issue Account Bank or Refund Bank or the Sponsor Bank, in the event of proven fraud, proven negligence or proven wilful misconduct or wilful default on the part of such Escrow Collection Bank or the Public Issue Account Bank or Refund Bank or Sponsor Bank.

  • The Escrow Collection Bank, the Public Issue Account Bank, Refund Bank and the Sponsor Bank undertake that their branch (es) or any Affiliate, to whom they disclose information pursuant to this Agreement, shall abide by the confidentiality obligations imposed by this clause 18.

  • BANK, PUBLIC ISSUE ACCOUNT BANK, REFUND BANK AND/OR SPONSOR BANK Other than as specifically provided under the SEBI ICDR Regulations and any circulars issued by the SEBI, no provision of this Agreement will constitute any obligation on the part of any of the Escrow Collection Bank, Public Issue Account Bank or Refund Bank to comply with the instructions in relation to the application money blocked under the ASBA process.

  • The Escrow Collection Bank / the Public Issue Account Bank/ Refund Bank in its respective capacity shall be entitled to resign from their respective obligations under this Agreement in respect of itself.

  • Such termination shall be effected by a prior notice of not less than three weeks in writing, and the erstwhile Escrow Collection Bank; or any Public Issue Account Bank or Refund Bank shall transfer of the amounts standing to the credit of the Escrow Accounts, Public Issue Account or Refund Account to the substituted escrow collection bank, the Public Issue Account Banks and/or Refund Bank.

  • The Escrow Collection Bank/ the Public Issue Account Bank/ Refund Bank/Sponsor Bank, in the respective capacities, shall also perform all the duties and obligations in accordance with this Agreement, the Offer Documents, SEBI ICDR Regulations and other Applicable Laws.

  • The Public Issue Account Bank shall, and the Registrar shall ensure that the Public Issue Account Bank shall, after a notice to the BRLM (with a copy to the Company), not later than one Working Day from the date of receipt of the aforementioned notice, transfer the amount to be refunded from the Public Issue Account to the Refund Account.


More Definitions of Public Issue Account Bank

Public Issue Account Bank means the bank with which the Public Issue Account is opened for collection of Bid Amounts from Escrow Account(s) and ASBA Accounts on the Designated Date, in this case being Axis Bank Limited;
Sample 1
Public Issue Account Bank means the bank(s) with which the Public Issue Account(s) shall be maintained, in this case being ICICI Bank;
Sample 1
Public Issue Account Bank means the bank(s) with which the Public Issue Account(s) shall be maintained, in this case being Kotak Mahindra Bank Limited;
Sample 1

Related to Public Issue Account Bank

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Account Bank means any of them.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.