https://www.taxtmi.com/acts?id=34571 Regulation 26 mandates that the issuer disclose all material facts in offer documents so disclosures are true, fair and adequate and not misleading; the merchant banker must verify these disclosures and ensure compliance with these Regulations and applicable company law. Intermediaries must perform due diligence for issue, offer and distribution assignments, issuers must treat applicants fairly, and no person may use devices to defraud in connection with debt securities. The issuer and merchant banker must ensure security provides 100% asset cover and the issuer must create a recovery expense fund as specified by the Board. en-us Tue, 08 Jan 2019 11:17:29 +0530 Fri, 02 Aug 2024 14:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34571 Regulation 26 mandates that the issuer disclose all material facts in offer documents so disclosures are true, fair and adequate and not misleading; the merchant banker must verify these disclosures and ensure compliance with these Regulations and applicable company law. Intermediaries must perform due diligence for issue, offer and distribution assignments, issuers must treat applicants fairly, and no person may use devices to defraud in connection with debt securities. The issuer and merchant banker must ensure security provides 100% asset cover and the issuer must create a recovery expense fund as specified by the Board. Act-Rules SEBI Tue, 08 Jan 2019 11:17:29 +0530 https://www.taxtmi.com/acts?id=34571