Regulation 245 - Disclosures in the draft offer document and offer document
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part VI DISCLOSURES IN AND FILING OF OFFER DOCUMENTS
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Disclosure obligations in offer documents require comprehensive, current material disclosures and verification by lead managers. Offer documents must include all material disclosures enabling informed investment decisions, including statutory and schedule-based information, employee ... Summary
Disclosure obligations in offer documents require comprehensive, current material disclosures and verification by lead managers.
Offer documents must include all material disclosures enabling informed investment decisions, including statutory and schedule-based information, employee statutory contribution details, site visit reports and lead manager fees. Lead managers have an affirmative due diligence duty to verify disclosure veracity and adequacy, compel issuers and selling shareholders to fulfil disclosed obligations, and ensure audited financial particulars in the offer document are not older than six months from the issue opening date.
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