Reference date requirement ensures issuers meet eligibility when filing draft and final offer documents with regulators. An issuer making an initial public offer must satisfy the Chapter II eligibility conditions as on the reference date, defined as the date of filing the ... Summary
Reference date requirement ensures issuers meet eligibility when filing draft and final offer documents with regulators.
An issuer making an initial public offer must satisfy the Chapter II eligibility conditions as on the reference date, defined as the date of filing the draft offer document with the Board and as on the date of filing the offer document with the Registrar of Companies; the textual provision substitutes 'filing' for the earlier term 'registering'.
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