https://www.taxtmi.com/notifications?id=128044 The amendment broadens institutional investor categories and raises specified application thresholds, mandates public announcement upon filing a draft offer document inviting public comments, and requires merchant bankers to submit a prescribed compliance certificate for news reports from draft filing to issue closure. It tightens issuance conditions by prohibiting IPOs where outstanding convertible rights exist except where fully paid convertible securities convert prior to filing, restricts preferential allotment eligibility for promoters who sold shares or failed to exercise warrants within specified periods, standardizes investor payment options, and expands disclosure templates to include proforma financial statements and detailed directorship histories for suspended or delisted companies. en-us Fri, 12 Nov 2010 00:00:00 +0530 Thu, 31 Jan 2019 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128044 The amendment broadens institutional investor categories and raises specified application thresholds, mandates public announcement upon filing a draft offer document inviting public comments, and requires merchant bankers to submit a prescribed compliance certificate for news reports from draft filing to issue closure. It tightens issuance conditions by prohibiting IPOs where outstanding convertible rights exist except where fully paid convertible securities convert prior to filing, restricts preferential allotment eligibility for promoters who sold shares or failed to exercise warrants within specified periods, standardizes investor payment options, and expands disclosure templates to include proforma financial statements and detailed directorship histories for suspended or delisted companies. Notifications SEBI Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128044