Regulation 68 - Audited financial statements in the offer document.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VI GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE
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Timeliness of audited financials: offer documents must use audited statements current as of the issue opening. The merchant banker must ensure that information in the offer document and particulars from audited financial statements included therein are no more than six months old measured from the issue opening date, as a timeliness safeguard for public and rights issue disclosures.
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.
Timeliness of audited financials: offer documents must use audited statements current as of the issue opening.
The merchant banker must ensure that information in the offer document and particulars from audited financial statements included therein are no more than six months old measured from the issue opening date, as a timeliness safeguard for public and rights issue disclosures.
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