Regulation 123 - Filing of the draft offer document and offer documents
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part VI DISCLOSURES IN AND FILING OF OFFER DOCUMENTS
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Filing requirements for draft offer documents: lead manager due diligence, Board observations and mandatory promoter disclosures required. Regulation 123 establishes filing and documentary requirements for draft offer documents and offer documents: issuers must file drafts through lead managers with prescribed fees and also file with stock exchanges supplying promoters' identifying particulars; lead managers must deliver engagement and due diligence certificates and compliance certificates; the Board may issue observations within thirty days from specified events and issuers must update drafts highlighting changes; material changes trigger fresh filings with fees; after observations or lapse of the period lead managers must submit certifications, board resolutions and confirmations of promoters' contributions, and copies of offer documents must be filed with the Board and exchanges concurrently.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Filing requirements for draft offer documents: lead manager due diligence, Board observations and mandatory promoter disclosures required.
Regulation 123 establishes filing and documentary requirements for draft offer documents and offer documents: issuers must file drafts through lead managers with prescribed fees and also file with stock exchanges supplying promoters' identifying particulars; lead managers must deliver engagement and due diligence certificates and compliance certificates; the Board may issue observations within thirty days from specified events and issuers must update drafts highlighting changes; material changes trigger fresh filings with fees; after observations or lapse of the period lead managers must submit certifications, board resolutions and confirmations of promoters' contributions, and copies of offer documents must be filed with the Board and exchanges concurrently.
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