RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Regulation 60 - Public communications, publicity materials, advertisements and research reports.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VI GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE
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Public communications restrictions require factual, non projective disclosures and mandated prominence of offer document availability. Regulation 60 mandates that all public communications and research reports related to a public or rights issue be factual, non projective and not contain ... Summary
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Public communications restrictions require factual, non projective disclosures and mandated prominence of offer document availability.
Regulation 60 mandates that all public communications and research reports related to a public or rights issue be factual, non projective and not contain extraneous information; communications during pre filing must align with past practice or prominently disclose an impending issue and draft offer filing; post filing communications must disclose filing status and availability of offer documents. Issuers must promptly disclose material developments, obtain lead merchant banker approval for issue materials, avoid selective disclosures, prohibit incentives, and follow specified content and format standards for advertisements and research reports, including prominence for risk factors.
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