Due diligence certificate required to confirm disclosures, intermediary registration validity and promoter lock in compliance before subscription closes. Format prescribes a Due Diligence Certificate after issue opening confirming that all material disclosures have been made via the offer document filed with the Registrar of Companies and any subsequent amendments; that registrations of intermediaries named in the offer document are valid and none are debarred by regulators; and that securities forming promoters' contribution subject to lock-in have not been disposed, sold, or transferred by promoters from filing the draft prospectus with SEBI to the certificate date.
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.
Due diligence certificate required to confirm disclosures, intermediary registration validity and promoter lock in compliance before subscription closes.
Format prescribes a Due Diligence Certificate after issue opening confirming that all material disclosures have been made via the offer document filed with the Registrar of Companies and any subsequent amendments; that registrations of intermediaries named in the offer document are valid and none are debarred by regulators; and that securities forming promoters' contribution subject to lock-in have not been disposed, sold, or transferred by promoters from filing the draft prospectus with SEBI to the certificate date.
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