ISSUE REQUIREMENTS FOR PUBLIC ISSUES - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
ISSUE REQUIREMENTS FOR PUBLIC ISSUES - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
Regulation 22 - Obligations of the Issuer, Lead Merchant Banker, etc.
Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013 Chapter V OBLIGATIONS OF INTERMEDIARIES AND ISSUERS
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Disclosure obligations ensure offer documents are true and fair, with merchant bankers and intermediaries required to verify and exercise due diligence. Regulation 22 requires issuers to disclose all material facts in offer documents accurately and fairly; merchant bankers must verify these disclosures and ... Summary
Disclosure obligations ensure offer documents are true and fair, with merchant bankers and intermediaries required to verify and exercise due diligence.
Regulation 22 requires issuers to disclose all material facts in offer documents accurately and fairly; merchant bankers must verify these disclosures and ensure compliance with the Regulations and transaction-specific schedules; intermediaries must perform due diligence for assignments related to issuance, offering and distribution; issuers must treat applicants fairly and equitably; and no person may use any device, scheme or artifice to defraud in connection with such preference share issues.
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