Qualified institutions placement disclosure requires due diligence, full material disclosures, selective circulation, and website disclaimer.

Qualified institutions placement requires lead manager(s) to exercise due diligence and ensure placement is based on a preliminary placement document and a placement document containing all material information, including Schedule VII disclosures and specific disclosure if the issuer or its promoters or directors are a wilful defaulter or fraudulent borrower. Both documents must be serially numbered, circulated only to select investors, and posted on the issuer's and relevant exchange websites with a disclaimer that no public offer is being made.

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