https://www.taxtmi.com/acts?id=35973 Lead merchant bankers must provide a Due Diligence Certificate confirming that the draft prospectus/letter of offer conforms with underlying documents and applicable legal and SEBI disclosure requirements, that disclosures are true and adequate, intermediaries are validly registered, underwriters are solvent, and shareholders' consents for promoters' lock-in contributions have been obtained. They must certify escrow and separate bank account arrangements for promoters' funds and issue proceeds, prohibit payments to firm allottees, disclose dematerialisation options, comply with specified SEBI clauses, and attach an annexure of required supporting documents and a SEBI-compliance checklist. en-us Thu, 07 Feb 2019 11:05:40 +0530 Fri, 08 Feb 2019 16:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35973 Lead merchant bankers must provide a Due Diligence Certificate confirming that the draft prospectus/letter of offer conforms with underlying documents and applicable legal and SEBI disclosure requirements, that disclosures are true and adequate, intermediaries are validly registered, underwriters are solvent, and shareholders' consents for promoters' lock-in contributions have been obtained. They must certify escrow and separate bank account arrangements for promoters' funds and issue proceeds, prohibit payments to firm allottees, disclose dematerialisation options, comply with specified SEBI clauses, and attach an annexure of required supporting documents and a SEBI-compliance checklist. Act-Rules SEBI Thu, 07 Feb 2019 11:05:40 +0530 https://www.taxtmi.com/acts?id=35973