Issue-related advertisements must follow prescribed formats after prospectus filing, with disclosure rules and no subscription claims. Issuers must publish a pre-issue and price band advertisement in the same newspapers as the public announcement after filing the red herring prospectus or prospectus with the Registrar of Companies, and that advertisement must follow the format and disclosures in Part A of Schedule X. Issuers may issue opening and closing advertisements in the formats in Parts B and C of Schedule X. No advertisement during the subscription period may suggest full subscription, oversubscription, or indicate investor response.
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.
Issue-related advertisements must follow prescribed formats after prospectus filing, with disclosure rules and no subscription claims.
Issuers must publish a pre-issue and price band advertisement in the same newspapers as the public announcement after filing the red herring prospectus or prospectus with the Registrar of Companies, and that advertisement must follow the format and disclosures in Part A of Schedule X. Issuers may issue opening and closing advertisements in the formats in Parts B and C of Schedule X. No advertisement during the subscription period may suggest full subscription, oversubscription, or indicate investor response.
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