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<h1>SEBI Guidelines: Schedule XVII Requires Detailed Documentation of Unaccepted Underwriting Commitments to Ensure Transparency in Finance.</h1> The Underwriting Devolvement Statement under Schedule XVII of the SEBI (Disclosure and Investor Protection Guidelines) 2000 outlines the requirements for documenting instances where underwriting commitments are not accepted. It includes details such as the name of the merchant banker and issuer company, the issue size, and a statement listing each underwriter involved. For each underwriter, the statement must specify the amount underwritten, the amount devolved, the date of any notice of devolvement, and the reasons for not accepting the devolvement. This ensures transparency and accountability in the underwriting process.