Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Issuers Must Disclose Material Facts Truthfully; SEBI Ensures Fair Treatment for Non-Convertible Redeemable Preference Shares Applicants</h1> The issuer must ensure that all material facts in offer documents are disclosed truthfully and adequately, avoiding misleading statements. The lead merchant banker is responsible for verifying these disclosures and ensuring compliance with relevant regulations. Issuers must treat applicants for non-convertible redeemable preference shares fairly, following procedures specified by the Securities and Exchange Board of India (SEBI). Intermediaries are accountable for due diligence in their assignments related to the issuance and distribution of securities. Additionally, no person is permitted to engage in fraudulent schemes concerning the issue or distribution of these shares on recognized stock exchanges.
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