Public Offer Account Bank definition

Public Offer Account Bank means bank which is a clearing member and registered with SEBI as a banker to an issue under the SEBI (Bankers to an Issue), Regulations, 1994, with whom the Public Offer Account(s) will be opened.

Public Offer Account Bank shall have the meaning given to such term in the Preamble;

Public Offer Account Bank means the bank with which the Public Offer Account is opened for collection of Bid Amounts from Escrow Accounts and ASBA Accounts on the Designated Date, in this case being HDFC Bank Limited;

Examples of Public Offer Account Bank in a sentence

• The Escrow Collection Bank, Public Offer Account Bank, the Refund Bank, the Sponsor Banks and the Registrar to the Offer undertake that their respective branch(es) or any Affiliate to whom they disclose information pursuant to this Agreement, shall abide by the confidentiality obligations imposed by this Section 12.

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

• The Parties hereto agree that time shall be of the essence in respect of the performance by each of the Company, the Selling Shareholders, the Members of the Syndicate, the Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank, the Sponsor Banks (including the respective Correspondent Banks, if any) and the Registrar to the Offer of their respective duties, obligations and responsibilities under or pursuant to this Agreement.

• The Escrow Collection Bank, the Refund Bank and the Public Offer Account Bank shall not in any case whatsoever use any amounts held in the Escrow Accounts, the Public Offer Account and the Refund Account, respectively, to satisfy this indemnity in any manner whatsoever.

• The specimen signatures for the purpose of instructions to the Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank and the Sponsor Banks are as follows: For the Company, as set out in Annexure O.

More Definitions of Public Offer Account Bank

Public Offer Account Bank has the meaning ascribed to such term in the preamble to this Agreement;

Public Offer Account Bank means the banks with which the Public Offer Account(s) is opened for collection of Bid Amounts from Escrow Account(s) and ASBA Accounts on the Designated Date, in this case being ICICI Bank Limited.

Public Offer Account Bank means HDFC Bank Limited;

Public Offer Account Bank means ICICI Bank Limited;

Public Offer Account Bank means a 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, in this case being Axis Bank Limited;

Public Offer Account Bank has the meaning given to such term in the Offer Documents; “RBI” shall mean the Reserve Bank of India;

Public Offer Account Bank shall have the meaning ascribed to such term in the preamble to this Agreement, i.e., Axis Bank Limited;