Sebi cuts time period for filing application to obtain NOC for release of 1% of issue amount

Sebi cuts time period for filing application to obtain NOC for release of 1% of issue amount With regard to release of the 1 per cent issue amount, the issuer company at present is required to submit an application on its letter head addressed to Sebi in a specified format, after lapse of 4 months from listing on the exchange which was the last to permit listing.

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