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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE - Joint Standard Operating Procedure (SOP) for release of 1% Security Deposit

06-Dec-2024 | Notice No. 20241206-6

BSE has issued a circular notifying Joint Standard Operating Procedure (SOP) for release of 1% Security Deposit, effective from 6th December 2024. By virtue of this circular, joint Standard Operating Procedure (SOP) for release of 1% Security Deposit kept by the company with the Designated Stock Exchanges (DSE) prior to 18th May 2024, are notified. The company is required to submit an application for release of 1% Security Deposit with DSE along with the following documents- 1. Certificate by merchant bankers providing confirmation regarding the unblocking of funds for respective investors by all the SCSBs involved in ASBA 2. Certificate on company's letter head providing confirmation that the Company has fully paid all dues of lead merchant bankers, registrars, underwriting commission, brokerage commission and all other intermediaries to the issue and there is no amount pending/outstanding by the Company 3. Certificate by Statutory Auditor w.r.t fund raising of the Company 4. Copy of cancelled cheque of the Issuer Company 5. Confirmation from Company that there is no investor complaint pending pursuant to the issue for which 1% security deposit was taken by the DSE.

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