Public Offer Bank definition

Public Offer Bank means bank which is a clearing member and registered with SEBI as a banker to an issue and with which the Public Offer Account will be opened.
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Public Offer 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.
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Public Offer Bank means ‘No-lien’ and ‘non-interest-bearing’ bank account(s) opened in accordance with Section 40(3) of the Companies Act, 2013, with the Public Offer Account Bank(s) to receive money from the Escrow Account(s) and the ASBA Accounts maintained with the SCSBs on the Designated Date in this case being ICICI Bank Limited.
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Examples of Public Offer Bank in a sentence

  • Upon the occurrence of any such event, the Escrow Collection Bank, the Public Offer Bank and the Refund Bank, as applicable, shall inform the relevant authorized representative promptly, and in any event, on the same day as the receipt of, such facsimile or instruction.

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

  • The Escrow Collection Bank, Refund Bank and the Public Offer Bank shall provide the Company, the Managers, the Selling Shareholders and the Registrar with a confirmation in the form set out in Annexure B, upon opening of the Escrow Accounts, the Refund Account and the Public Offer Account.

  • Within three (3) Working Days of closure of the Escrow Accounts, the Public Offer Account and the Refund Account, the Escrow Collection Bank, the Public Offer Bank and the Refund Bank, respectively shall provide a written confirmation of the closure of such accounts to the Managers, the Company and the Selling Shareholders.

  • The Company, the Selling Shareholders may in consultation with the Managers appoint a new escrow collection bank, public offer bank, refund bank or sponsor bank or designate one of the existing Escrow Collection Bank, the Public Offer Bank, Refund Bank or Sponsor Bank as a substitute for the retiring Escrow Collection Bank, the Public Offer Bank or Refund Bank within fourteen (14) Working Days of the termination of this Agreement as aforesaid.

  • The Public Offer Bank shall promptly provide the foreign inward remittance certificate and any other documents as required by the Company in this regard, as may be required for compliance with Applicable Law.

  • The resigning Escrow Collection Bank or the Refund Bank or the Public Offer Bank or Sponsor Bank shall continue to be responsible for any and all of their actions and omissions prior to such resignation.

  • Upon closure of the Escrow Accounts, the Public Offer Account or the Refund Account, as the case may be, the Escrow Collection Bank, the Public Offer Bank or the Refund Bank, respectively, shall, upon request by the Company, provide a confirmation in writing to the Company, the Selling Shareholders and the Book Running Lead Managers that no monies are lying to the credit of the Escrow Accounts, the Public Offer Account or the Refund Account.

  • The Escrow Collection Bank, the Public Offer Bank and the Refund Bank hereby agree that they shall close the respective accounts only after delivery of such statement of accounts and upon receipt of instructions from the Company, the Selling Shareholders, the Registrar and the Managers.

  • Further, it is hereby clarified that until the receipt of final listing and trading approvals from the Stock Exchanges, the Public Offer Bank shall not transfer any monies from the Public Offer Account to the bank accounts of the Company, to the extent of reimbursement of any expenses incurred in relation to the Offer, in accordance with Clause 18 of the Offer Agreement and the Selling Shareholders, unless it has received written instructions from the Managers in accordance with this Agreement.


More Definitions of Public Offer Bank

Public Offer Bank shall have the meaning ascribed to such term in the preamble to this Agreement;
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Public Offer Bank means the bank with which the Public Offer Account(s) will be opened, in this case being ICICI Bank Limited;
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Public Offer Bank shall have the meaning given to such term in the Preamble;
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Related to Public Offer Bank

  • Public Offering means the sale in an underwritten public offering registered under the Securities Act of equity securities of the Company or a corporate successor to the Company.

  • Initial Public Offering means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • Qualified Initial Public Offering means an offering by the Corporation of its capital stock or equity securities to the public pursuant to an effective registration statement under the Securities Act of 1933, as then in effect, or any comparable statement under any similar federal statute then in force pursuant to which the public offering price per share of which is not less than $14.00 (adjusted to reflect stock dividends, stock splits or recapitalizations) after the date hereof and results in aggregate gross cash proceeds to the Corporation of at least $30,000,000 (before deduction of underwriting discounts and expenses).

  • IPO means the Company’s first underwritten public offering of its Common Stock under the Securities Act.

  • Periodic Offering means an offering of Securities of a series from time to time, the specific terms of which Securities, including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Issuer or its agents upon the issuance of such Securities.

  • Initial Offering means the Company’s first firm commitment underwritten public offering of its Common Stock registered under the Securities Act.

  • Business Combination means any merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses, involving the Company.

  • Offering shall have the meaning ascribed to such term in Section 2.1(c).

  • Applicable Securities Law means (i) with respect to any offering of securities in the United States of America, or any other act or omission within that jurisdiction, the securities law of the United States, including the Exchange Act and the Securities Act, and any applicable law of any State of the United States, and (ii) with respect to any offering of securities in any jurisdiction other than the United States of America, or any related act or omission in that jurisdiction, the applicable laws of that jurisdiction.