Lead-manager disclosure obligations for issue documents were discontinued when the governing provision was formally omitted. Regulation 24 was omitted with effect from 26 August 2009. Previously, the lead manager had to submit issue particulars, draft prospectus or letter of ... Summary
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Lead-manager disclosure obligations for issue documents were discontinued when the governing provision was formally omitted.
Regulation 24 was omitted with effect from 26 August 2009. Previously, the lead manager had to submit issue particulars, draft prospectus or letter of offer, investor literature, and related documents before filing. Submission was required at least two weeks before filing with the Registrar of Companies or regional stock exchanges. The lead manager also had to incorporate modifications and suggestions concerning investor information in the draft prospectus or letter of offer.
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