Due diligence certificate confirming complete offer disclosures and validity of intermediaries, and protection of promoters' locked in securities. Format requires a Due Diligence Certificate at opening of a public issue confirming that all material disclosures in the offer document and subsequent amendments filed with the Registrar of Companies are complete, and that the abridged prospectus contains required disclosures. It further mandates confirmation that intermediary registrations named in the offer document are valid and not debarred, that written shareholder consent exists for inclusion of securities in the promoters' contribution subject to lock-in, and that such promoters' locked-in securities have not been disposed of since filing the draft prospectus.
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Due diligence certificate confirming complete offer disclosures and validity of intermediaries, and protection of promoters' locked in securities.
Format requires a Due Diligence Certificate at opening of a public issue confirming that all material disclosures in the offer document and subsequent amendments filed with the Registrar of Companies are complete, and that the abridged prospectus contains required disclosures. It further mandates confirmation that intermediary registrations named in the offer document are valid and not debarred, that written shareholder consent exists for inclusion of securities in the promoters' contribution subject to lock-in, and that such promoters' locked-in securities have not been disposed of since filing the draft prospectus.
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