GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XC LISTING ON INSTITUTIONAL TRADING PLATFORM
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Listing without public issue allows entities to list securities on institutional trading platforms subject to disclosure, approvals and liability. Regulation 106Z prescribes the process for listing without public issue on the institutional trading platform: filing a draft information document with ... Summary
Listing without public issue allows entities to list securities on institutional trading platforms subject to disclosure, approvals and liability.
Regulation 106Z prescribes the process for listing without public issue on the institutional trading platform: filing a draft information document with required disclosures and fee, obtaining in-principle approval from the recognised stock exchange, executing board-approved and signed draft and final information documents with certifications by directors, CEO and CFO, and completing listing within thirty days. The regulation exempts such listings from various public-offer obligations and minimum public shareholding requirements, and makes persons who authorised the information document liable for mis-statements or omissions under the SEBI Act.
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