Advertisement restrictions require truthful, non-misleading adverts and investor reliance only on the offer document. Issuers must publish an advertisement in a widely circulated national daily on or before the issue opening that includes prescribed disclosures. Advertisements must be truthful, fair and clear, not misleading, distorted, manipulative or deceptive, and must not contain extraneous matter. They must urge investors to rely solely on the offer document. During the subscription period, corporate or product advertisements must not reference the issue of debt securities or solicit subscriptions.
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.
Advertisement restrictions require truthful, non-misleading adverts and investor reliance only on the offer document.
Issuers must publish an advertisement in a widely circulated national daily on or before the issue opening that includes prescribed disclosures. Advertisements must be truthful, fair and clear, not misleading, distorted, manipulative or deceptive, and must not contain extraneous matter. They must urge investors to rely solely on the offer document. During the subscription period, corporate or product advertisements must not reference the issue of debt securities or solicit subscriptions.
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