Practice of giving advertisement in newspapers relating to public issue - Advertisement should not be published between date of announcement and date of closing of subscription list
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Advertisement restriction: ban on publishing issue-related publicity between announcement and subscription closing to curb misleading claims. Companies and their issue agents must not publish any newspaper material relating to a public issue between the date of announcement and the date of closing of the subscription list; managements should also refrain from making optimistic, unsupported representations at pre-issue press conferences, to avoid misleading claims about dividends, capital appreciation or project prospects.
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.
Advertisement restriction: ban on publishing issue-related publicity between announcement and subscription closing to curb misleading claims.
Companies and their issue agents must not publish any newspaper material relating to a public issue between the date of announcement and the date of closing of the subscription list; managements should also refrain from making optimistic, unsupported representations at pre-issue press conferences, to avoid misleading claims about dividends, capital appreciation or project prospects.
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