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 ... Summary
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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