Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013 Chapter II ISSUE REQUIREMENTS FOR PUBLIC ISSUES
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Advertisements for public issues must be truthful, disclose credit rating, and direct investors to rely on the offer document. Regulation 8 requires issuers to publish advertisements in one English and one Hindi national daily on or before the issue opening date with disclosures per Schedule I; the advertisement must prominently display the credit rating, avoid extraneous content, and urge investors to rely only on the offer document. Advertisements must be truthful, fair and clear, and must not be misleading, distorted, manipulative or deceptive. Corporate or product advertisements during the subscription period must not reference the issue or be used for solicitation.
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.
Advertisements for public issues must be truthful, disclose credit rating, and direct investors to rely on the offer document.
Regulation 8 requires issuers to publish advertisements in one English and one Hindi national daily on or before the issue opening date with disclosures per Schedule I; the advertisement must prominently display the credit rating, avoid extraneous content, and urge investors to rely only on the offer document. Advertisements must be truthful, fair and clear, and must not be misleading, distorted, manipulative or deceptive. Corporate or product advertisements during the subscription period must not reference the issue or be used for solicitation.
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