Due diligence certificate obligations require merchant bankers to verify issuer disclosures and regulatory compliance before public or rights issues proceed. The Schedule prescribes standard due diligence certificate formats requiring merchant bankers and debenture trustees to verify litigation and material documents, confirm that draft and registered prospectuses/letters of offer conform with underlying papers, affirm compliance with legal and regulatory requirements and that disclosures are true, fair and adequate, confirm registration and non debarment of intermediaries, obtain promoters' consent and ensure lock in, escrow and banking arrangements for issue proceeds, require dematerialisation and cash flow disclosures where applicable, and mandate enclosure of due diligence process notes and regulation wise checklists.