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of <h1>Issuers Must File Draft for Public Issue of Non-Convertible Redeemable Preference Shares Under Section 60B</h1> Issuers cannot make a public issue of non-convertible redeemable preference shares without filing a draft offer document with the designated stock exchange through a lead merchant banker. This document must be publicly accessible on the exchange's website for seven working days for public comments. It may also be displayed on the issuer's and merchant bankers' websites. The lead merchant banker must include compliance officer details and address all comments before filing with the Registrar of Companies. Copies of the draft and final documents, along with specified fees, must be sent to the Board. A due diligence certificate is also required before filing with the Registrar.
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