Disclosure obligations require offer documents to present true, adequate material information and compel lead managers' due diligence. Offer documents must contain all material disclosures that are true, correct and adequate for informed investment decisions, including prescribed foreign company and Schedule VIII disclosures. Lead managers are required to exercise due diligence to verify disclosure veracity and adequacy in draft and final offer documents and to require the issuer, promoters or directors to fulfil disclosed obligations under the Regulations.