Public Offer Account Bank definition

Public Offer Account Bank means the bank which is a clearing member and registered with SEBI as a banker to an issue, and with whom the Public Offer Account(s) will be opened;
Public Offer Account Bank shall have the meaning ascribed to such term in the preamble to this Agreement;
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 Escrow Collection Bank, the Public Offer Account Bank and the Refund Bank confirm that they shall not accept any Bid cum Application Form or payment instruction relating to any ASBA Bidder from the members of the Syndicate/ Sub-Syndicate Members or other Designated Intermediaries in their respective capacities as the Escrow Collection Bank, the Public Offer Account Bank and the Refund Bank, respectively.

  • The Escrow Collection Bank, Public Offer Account Bank, the Refund Bank, the Sponsor Banks and the Registrar to the Offer undertake that their respective branch(es) or any Affiliate to whom they disclose information pursuant to this Agreement, shall abide by the confidentiality obligations imposed by this Section 12.

  • The Company and the Selling Shareholders may in consultation with the BRLMs appoint a new escrow collection bank, public offer account bank, sponsor bank(s) or refund bank or designate one of the existing Bankers to the Offer as a substitute for the retiring Escrow Collection Bank, Public Offer Account Bank, Refund Bank or Sponsor Banks within fourteen (14) days of the termination of this Agreement as aforesaid.

  • The Public Offer Account Bank shall, on the same day of the receipt of such instruction from the BRLMs (which shall be provided within Banking Hours), remit such funds to the relevant accounts.

  • Further, each of the Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank and the Sponsor Banks hereby agrees and confirms that it shall be fully responsible and liable for any breach of the foregoing and for all acts and omissions under this Agreement, including those of the Correspondent Banks, if any.


More Definitions of Public Offer Account Bank

Public Offer Account Bank shall have the meaning given to such term in the Preamble;
Public Offer Account Bank means HDFC Bank Limited;
Public Offer Account Bank means ICICI Bank Limited;
Public Offer Account Bank means bank(s) which are a clearing member and registered with SEBI as a banker to an issue, and with whom the Public Offer Account for collection of Bid Amounts from Escrow Accounts and ASBA Accounts will be opened, in this case being Axis Bank Limited;
Public Offer Account Bank has the meaning ascribed to such term in the Offer Documents;
Public Offer Account Bank shall have the meaning ascribed to such term in the preamble to this Agreement, i.e., Axis Bank Limited;
Public Offer Account Bank has the meaning given to such term in the Offer Documents; “RBI” shall mean the Reserve Bank of India;