Advertisement restrictions require truthful, non-misleading adverts and investor reliance only on the offer document. Issuers must publish an advertisement in a widely circulated national daily on or before the issue opening that includes prescribed disclosures. ... Summary
Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
Advertisement restrictions require truthful, non-misleading adverts and investor reliance only on the offer document.
Issuers must publish an advertisement in a widely circulated national daily on or before the issue opening that includes prescribed disclosures. Advertisements must be truthful, fair and clear, not misleading, distorted, manipulative or deceptive, and must not contain extraneous matter. They must urge investors to rely solely on the offer document. During the subscription period, corporate or product advertisements must not reference the issue of debt securities or solicit subscriptions.
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