Dematerialisation requirement: specified holders' securities must be dematerialised before draft offer filing; limits on use of IPO proceeds. Regulation 7 requires issuers to obtain in principle listing application and a depository agreement, ensure specified categories hold securities in dematerialised form before filing the draft offer document, and resolve partly paid shares. It mandates verifiable financing arrangements for project objects excluding public issue proceeds or internal accruals, and caps allocations to general corporate purposes and unidentified acquisition/investment objects unless targets are specified with adequate disclosures. Explanations govern project definition and use of partnership or division financials with auditor certification.
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Provisions expressly mentioned in the judgment/order text.
Dematerialisation requirement: specified holders' securities must be dematerialised before draft offer filing; limits on use of IPO proceeds.
Regulation 7 requires issuers to obtain in principle listing application and a depository agreement, ensure specified categories hold securities in dematerialised form before filing the draft offer document, and resolve partly paid shares. It mandates verifiable financing arrangements for project objects excluding public issue proceeds or internal accruals, and caps allocations to general corporate purposes and unidentified acquisition/investment objects unless targets are specified with adequate disclosures. Explanations govern project definition and use of partnership or division financials with auditor certification.
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