(2)
Where the debt securities are not allotted and/or application moneys are not refunded within the stipulated period in sub-regulation (1), the issuer shall undertake to pay interest at the rate of fifteen per cent. per annum.
(3)
Credit to demat accounts of the allottees shall be made within two working days from the date of allotment."
(ii) After regulation 19 and before regulation 20, the following regulations shall be inserted, namely:-