Disclosure obligations require issuers to provide complete, verifiable information and cooperate fully with the lead merchant banker. The memorandum requires the issuer to ensure complete, true and non-misleading disclosure in offer documents, to furnish audited reports and material information, to permit verification by the lead merchant banker and intermediaries, to secure necessary statutory approvals and co-ordinate appointments and MOUs with intermediaries, to complete allotment and dispatch of allotment letters and refunds within statutory time-limits, to refrain from accessing issue proceeds until allotment finalisation, and to consult and cooperate with the lead merchant banker on legal or operational matters related to the issue.