Due diligence records requirement mandates retention for pre-issue and post-issue activities and for takeovers, buybacks and delistings. Amendment to regulation 14 adds clause (e) requiring maintenance of records and documents pertaining to due diligence exercised in pre-issue and post-issue activities of issue management and, additionally, in cases of takeover, buyback and delisting of securities; clause (d) is amended to end with a semicolon to enable insertion of the new clause.
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 records requirement mandates retention for pre-issue and post-issue activities and for takeovers, buybacks and delistings.
Amendment to regulation 14 adds clause (e) requiring maintenance of records and documents pertaining to due diligence exercised in pre-issue and post-issue activities of issue management and, additionally, in cases of takeover, buyback and delisting of securities; clause (d) is amended to end with a semicolon to enable insertion of the new clause.
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