Regulation 18 - Prohibitions of mis-statements in the offer document or placement memorandum.
Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 Chapter V REQUIREMENTS FOR BOTH PUBLIC ISSUES AND PRIVATE PLACEMENT
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Prohibition on misstatements: issuance documents must provide true, complete and adequate disclosures to protect investors. Offer documents, term sheets and placement memoranda for municipal debt must not omit any material fact that would make statements misleading; they must contain disclosures that are true, correct and adequate to enable applicants to take an informed investment decision, and advertisements and term sheets for public issues must not contain false or misleading statements.
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.
Prohibition on misstatements: issuance documents must provide true, complete and adequate disclosures to protect investors.
Offer documents, term sheets and placement memoranda for municipal debt must not omit any material fact that would make statements misleading; they must contain disclosures that are true, correct and adequate to enable applicants to take an informed investment decision, and advertisements and term sheets for public issues must not contain false or misleading statements.
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