Regulation 220 - Filing of draft offer document and the addendum for rights offering
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Chapter VIII RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Filing requirement for draft offer documents and addenda prompts board observations and mandatory revised filings. The issuer must file, through lead manager(s), the draft offer document under home country requirements with an addendum containing Part C Schedule VIII disclosures as a confidential filing with fees specified in Schedule III, and must submit an undertaking from the overseas custodian and domestic depository to comply with rights issue obligations. The Board may issue observations or specify changes within thirty days from the later of specified triggering events, and where changes are specified the issuer and lead manager(s) must file a revised draft and updated addendum incorporating those changes.
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 requirement for draft offer documents and addenda prompts board observations and mandatory revised filings.
The issuer must file, through lead manager(s), the draft offer document under home country requirements with an addendum containing Part C Schedule VIII disclosures as a confidential filing with fees specified in Schedule III, and must submit an undertaking from the overseas custodian and domestic depository to comply with rights issue obligations. The Board may issue observations or specify changes within thirty days from the later of specified triggering events, and where changes are specified the issuer and lead manager(s) must file a revised draft and updated addendum incorporating those changes.
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