MANU/SSMD/0044/2022

Ministry : Securities and Exchange Board of India

Department/Board : Office of Investor Assistance and Education

Circular No. : SEBI/HO/OIAE/IGRD/P/CIR/2022/0151

Date : 07.11.2022

Notification/ Circulars Referred : Circular no. OIAE/Cir-1/2009 dated November 25, 2009 MANU/SSMD/0034/2009;Circular no. CIR/OIAE/001/2015 dated November 30, 2015 MANU/SSMD/0025/2015;Circular no. SEBI/HO/OIAE/IGRD/CIR/P/2021/588 dated July 05, 2021 MANU/SSMD/0023/2021

Citing Reference:
Circular no. OIAE/Cir-1/2009 dated November 25, 2009 MANU/SSMD/0034/2009  Referred

Circular no. CIR/OIAE/001/2015 dated November 30, 2015 MANU/SSMD/0025/2015  Referred

Circular no. SEBI/HO/OIAE/IGRD/CIR/P/2021/588 dated July 05, 2021 MANU/SSMD/0023/2021  Referred

To

All Companies whose securities are listed on SEBI recognized Stock Exchanges
(Through the Stock Exchanges)
All recognized Stock Exchanges
All registered Merchant Bankers

Dear Sir/Madam,

Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount

1. As per the provisions of regulation 38 (1) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations), the issuer, before the opening of the subscription list, is mandated to deposit with the designated stock exchange (DSE), 1% of the issue size available for subscription to the public. This amount of 1% shall be released to the issuer after obtaining the NOC from SEBI.

2. For the purpose of obtaining the NOC from SEBI, the issuer is required to submit an application on its letter head addressed to SEBI in the format specified in Annexure-A, after the expiry of 2 months from the date of listing on the latest stock exchange which permitted listing.

3. The application for NOC shall be filed by the Post Issue Le........