BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6 days
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15 days
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21 days
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30 days
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Detailed explanation-1: -Listing of shares will be done within 12 days after the closure of the issue.
Detailed explanation-2: -2.1. The pricing guidelines for preferential issues were first introduced on August 04, 1994 mandating that the issue price shall not be less than average of weekly high and low of the closing prices for six months or average of weekly high and low of the closing prices for two weeks preceding the relevant date.
Detailed explanation-3: -According to new SEBI rule, existing shareholders owning more than 20% of pre-issue cannot sale more than 50% of their holding and shareholders with less than 20% pre-issue holding cannot sale more than 10% of their holding.
Detailed explanation-4: -Under SEBI Guidelines, each Public Issue and Rights Issue with size exceeding Rs. 50 lakhs is required to be managed by a Merchant Banker, registered with SEBI. Since setting up of SEBI, Issue Managers are required to be registered with SEBI.