(2)
The amount stipulated in sub-regulation (1) shall be deposited in the manner specified by Board and/or stock exchange(s).
(3)
The amount stipulated in sub-regulation (1) shall be refundable or forfeitable in the manner specified by the Board."
(ii) In regulation 20, sub-regulations (2) and (3) shall be omitted.
(iii) In Schedule I, in para. III, in sub-para (ii), under the heading "Delay in Dispatch of Allotment Letters or Refund Orders " after the word and sign "closure." and before the words "The issuer further agrees ", the following shall be inserted, namely:-