Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Issuers and Merchant Bankers Must Ensure Accurate Disclosures and Compliance in Securities Offerings; Fraudulent Schemes Prohibited.</h1> The issuer must disclose all material facts in offer documents, ensuring accuracy and fairness without misleading statements. The Merchant Banker is responsible for verifying these disclosures and ensuring compliance with relevant regulations, including the Companies Act, 2013. Issuers must treat applicants equitably and intermediaries must conduct due diligence in public securities offerings. Fraudulent schemes related to debt securities are prohibited. The issuer and merchant banker must ensure adequate asset cover for debt securities and create a recovery expense fund as specified by the Board, informing the Debenture Trustee accordingly.