Chapter III - PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES
Part A - PROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES (From Regulation 25 to Regulation 38)
Schedule III - Format for due diligence certificate to be given by The Lead Managers at the time of filing the offer document with registrar of companies and prior to opening of the issue
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Schedules Sch SCHEDULES
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Due diligence certificate confirms lead managers' responsibility for full disclosure, regulatory compliance and public notice of material developments. Lead Managers must provide a due diligence certificate at filing and before issue opening confirming no market-access prohibitions or debarments for issuer, promoters, directors or intermediaries; that the offer document contains all disclosures required by the Regulations; that material developments up to listing will be notified via the same public advertisements; compliance with applicable corporate and securities statutes and subordinate instruments; and that comments/complaints on the draft offer document filed on the designated exchange have been addressed.
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 confirms lead managers' responsibility for full disclosure, regulatory compliance and public notice of material developments.
Lead Managers must provide a due diligence certificate at filing and before issue opening confirming no market-access prohibitions or debarments for issuer, promoters, directors or intermediaries; that the offer document contains all disclosures required by the Regulations; that material developments up to listing will be notified via the same public advertisements; compliance with applicable corporate and securities statutes and subordinate instruments; and that comments/complaints on the draft offer document filed on the designated exchange have been addressed.
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