APPOINTMENT OF LEAD MANAGERS AND OTHER INTERMEDIARIESSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
APPOINTMENT OF LEAD MANAGERS AND OTHER INTERMEDIARIESSecurities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
Issue-related advertising rules restrict subscription claims and require lead manager verification before announcing issue closure. Issue-related advertisements for opening and closing must follow prescribed formats and publication venues. Advertisements during the subscription period ... Summary
Issue-related advertising rules restrict subscription claims and require lead manager verification before announcing issue closure.
Issue-related advertisements for opening and closing must follow prescribed formats and publication venues. Advertisements during the subscription period must not imply full subscription or indicate investor response. A closure announcement is allowed only after the lead manager is satisfied that at least ninety per cent of the issue is subscribed and a registrar certificate confirms that fact; such an announcement cannot precede the scheduled closing date except in the prescribed closing-advertisement format.
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