Regulation 8 - Documents to be submitted before opening of the issue
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter II COMMON CONDITIONS FOR PUBLIC ISSUES AND RIGHTS ISSUES
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Pre-offer diligence requirements: lead bankers and issuers must submit specified agreements and staged due diligence certifications before listing. Regulation 8 requires lead merchant bankers to submit an agreement with the issuer and prescribed due diligence certificates to the Board when filing the draft offer document, and to furnish subsequent confirmations after Board observations or lapse of the observation period, including statements of incorporation of Board suggestions, due diligence certificates at registration and immediately before opening, and post-opening certificates. Issuers must provide a board resolution for promoters' allotment, a Chartered Accountant's certificate verifying promoters' contribution with contributor details, and, when filing for listing, promoters' Permanent Account Number, bank account number and passport number to the recognised stock exchange.
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.
Pre-offer diligence requirements: lead bankers and issuers must submit specified agreements and staged due diligence certifications before listing.
Regulation 8 requires lead merchant bankers to submit an agreement with the issuer and prescribed due diligence certificates to the Board when filing the draft offer document, and to furnish subsequent confirmations after Board observations or lapse of the observation period, including statements of incorporation of Board suggestions, due diligence certificates at registration and immediately before opening, and post-opening certificates. Issuers must provide a board resolution for promoters' allotment, a Chartered Accountant's certificate verifying promoters' contribution with contributor details, and, when filing for listing, promoters' Permanent Account Number, bank account number and passport number to the recognised stock exchange.
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