Disclosure of track record required for merchant bankers, posted on websites and referenced in offer documents. Merchant bankers must disclose the track record of public issues they managed for three financial years from the date of listing, in the format prescribed, by publishing it on their website and referencing that disclosure in future offer documents. All merchant bankers who have signed the due diligence certificate in an offer document must disclose the track record for issues they managed. The requirement applies immediately to newly listed issues and, for past issues within the prior three years, must be complied with by the circular's specified deadline. The circular is issued under Section 11(1) for investor protection and market regulation.
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.
Disclosure of track record required for merchant bankers, posted on websites and referenced in offer documents.
Merchant bankers must disclose the track record of public issues they managed for three financial years from the date of listing, in the format prescribed, by publishing it on their website and referencing that disclosure in future offer documents. All merchant bankers who have signed the due diligence certificate in an offer document must disclose the track record for issues they managed. The requirement applies immediately to newly listed issues and, for past issues within the prior three years, must be complied with by the circular's specified deadline. The circular is issued under Section 11(1) for investor protection and market regulation.
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