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    <description>Issuers must provide material disclosures in the draft letter of offer and letter of offer sufficient for informed investment decisions, include disclosures specified in Part B of Schedule VI, ensure audited financial statement particulars are not older than six months from the issue opening date, disclose if the issuer or its promoters or directors are a wilful defaulter or fraudulent borrower, and describe the process for credit of rights entitlements in demat accounts and their renunciation.</description>
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