Collective investment scheme offer documents must disclose risks, management, subscription terms, allotment process and investor grievance mechanisms. The offer document must disclose scheme identity, management and trustee details, unit terms, classified risk factors with management perception, a bold SEBI disclaimer and the Collective Investment Management Company's undertaking of responsibility. It must state minimum and maximum subscription, payment terms, allotment and refund procedures, investor rights, trustee and registrar obligations, disclosure of material litigations and defaults, investor grievance mechanisms and complaint statistics, stockinvest handling, due diligence certificates, post issue monitoring, and the prescribed proportionate allotment method for oversubscription.
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Provisions expressly mentioned in the judgment/order text.
Collective investment scheme offer documents must disclose risks, management, subscription terms, allotment process and investor grievance mechanisms.
The offer document must disclose scheme identity, management and trustee details, unit terms, classified risk factors with management perception, a bold SEBI disclaimer and the Collective Investment Management Company's undertaking of responsibility. It must state minimum and maximum subscription, payment terms, allotment and refund procedures, investor rights, trustee and registrar obligations, disclosure of material litigations and defaults, investor grievance mechanisms and complaint statistics, stockinvest handling, due diligence certificates, post issue monitoring, and the prescribed proportionate allotment method for oversubscription.
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