Public Offer Account Bank definition

Public Offer Account Bank means bank which is a clearing member and registered with SEBI as a banker to an issue under the SEBI (Bankers to an Issue), Regulations, 1994, with whom the Public Offer Account(s) will be opened.

Public Offer Account Bank shall have the meaning given to such term in the Preamble;

Public Offer Account Bank means bank with which the Public Offer Account is opened for collection of Bid Amounts from Escrow Account and ASBA Account on the Designated Date.

Examples of Public Offer Account Bank in a sentence

• The Public Offer Account Bank shall, and the Registrar shall ensure that the Public Offer Account Bank shall, after a notice to the BRLMs (with a copy to the Company and the Selling Shareholders), not later than 1 (one) Working Day from the date of receipt of the aforementioned notice from the BRLMs, transfer the amount held in the Public Offer Account to the Refund Account.

• Any such resignation from the respective Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank or the Sponsor Banks shall not terminate this Agreement vis- à-vis Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank or the Sponsor Bank, who have not resigned, as applicable.

• The Public Offer Account Bank shall take the necessary steps to ensure closure of the Public Offer Account promptly and only after all monies in the Public Offer Account are transferred to the accounts of the Company and the Selling Shareholders upon receipt of instructions as provided in Schedule XIII in accordance with the terms of this Agreement.

• The Banker to the Offer shall not in any case whatsoever use the amounts held in Escrow Accounts and/or the Public Offer Account Bank and/or Refund Account to satisfy this indemnity.

More Definitions of Public Offer Account Bank

Public Offer Account Bank has the meaning ascribed to such term in the Preamble to this Agreement;

Public Offer Account Bank means the banks with which the Public Offer Account(s) is opened for collection of Bid Amounts from Escrow Account(s) and ASBA Accounts on the Designated Date, in this case being INNOVA CAPTAB LIMITED – PUBLIC ISSUE ACCOUNT.

Public Offer Account Bank means HDFC Bank Limited;

Public Offer Account Bank shall have the meaning ascribed to such term in the preamble to this Agreement;

Public Offer Account Bank means ICICI Bank Limited;

Public Offer Account Bank means Axis Bank Limited, which is a clearing member and registered with SEBI as a banker to an issue, and with whom the Public Offer Account(s) has been opened.

Public Offer Account Bank has the meaning given to such term in the Offer Documents; “RBI” shall mean the Reserve Bank of India;