https://www.taxtmi.com/acts?id=35842 Rejection of draft offer documents is authorised where disclosures are inadequate or investor assessment of risk is impeded. Key rejection grounds include: capital structure anomalies (circular transactions, unidentifiable promoters, non compliant promoter contributions); vague or improper objects of the issue (repayment without disclosed ultimate purpose, non tangible expenditures without justification, lack of requisite clearances, long delays in utilization); misleading or complex business models; material financial statement concerns (sudden spurts, qualified audits, accounting policy changes, related party predominance); major or concealed litigation; and failures in documentation, information provision or conflict of interest resolution. Consequences include temporary market access prohibition, no fee refund, and public disclosure. en-us Thu, 31 Jan 2019 17:51:05 +0530 Fri, 01 Feb 2019 10:49:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35842 Rejection of draft offer documents is authorised where disclosures are inadequate or investor assessment of risk is impeded. Key rejection grounds include: capital structure anomalies (circular transactions, unidentifiable promoters, non compliant promoter contributions); vague or improper objects of the issue (repayment without disclosed ultimate purpose, non tangible expenditures without justification, lack of requisite clearances, long delays in utilization); misleading or complex business models; material financial statement concerns (sudden spurts, qualified audits, accounting policy changes, related party predominance); major or concealed litigation; and failures in documentation, information provision or conflict of interest resolution. Consequences include temporary market access prohibition, no fee refund, and public disclosure. Act-Rules SEBI Thu, 31 Jan 2019 17:51:05 +0530 https://www.taxtmi.com/acts?id=35842