Filing of draft offer document requires public posting, addressing comments, and furnishing due diligence certificates before final filing. Regulation 6 requires that no public issue of debt securities proceed unless a draft offer document is filed with the designated stock exchange through the lead merchant banker. The draft must be posted for public comments, may be displayed on issuer and intermediary websites, and must specify compliance officer contact particulars. The lead merchant banker must address all comments before filing the final offer document with the Registrar of Companies, forward draft and final documents to the Board with regulatory fees, and furnish a due diligence certificate; the debenture trustee must also furnish a due diligence certificate prior to issue opening.
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 of draft offer document requires public posting, addressing comments, and furnishing due diligence certificates before final filing.
Regulation 6 requires that no public issue of debt securities proceed unless a draft offer document is filed with the designated stock exchange through the lead merchant banker. The draft must be posted for public comments, may be displayed on issuer and intermediary websites, and must specify compliance officer contact particulars. The lead merchant banker must address all comments before filing the final offer document with the Registrar of Companies, forward draft and final documents to the Board with regulatory fees, and furnish a due diligence certificate; the debenture trustee must also furnish a due diligence certificate prior to issue opening.
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