https://www.taxtmi.com/acts?id=36162 Regulation 24 requires the merchant banker to verify acquirer capacity, ensure escrow per regulation 28, confirm verifiable fund arrangements, disclose any banker shareholding, furnish a due diligence certificate with the draft letter of offer, file the public announcement and letter of offer with the Board, target and stock exchanges, ensure contents are true and based on reliable sources, refrain from dealing in target shares from appointment until fifteen days after offer closure, cause release of escrow balance once obligations are met, and send a final report to the Board within forty-five days of closure. en-us Sat, 02 Mar 2019 18:57:56 +0530 Tue, 05 Mar 2019 10:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36162 Regulation 24 requires the merchant banker to verify acquirer capacity, ensure escrow per regulation 28, confirm verifiable fund arrangements, disclose any banker shareholding, furnish a due diligence certificate with the draft letter of offer, file the public announcement and letter of offer with the Board, target and stock exchanges, ensure contents are true and based on reliable sources, refrain from dealing in target shares from appointment until fifteen days after offer closure, cause release of escrow balance once obligations are met, and send a final report to the Board within forty-five days of closure. Act-Rules SEBI Sat, 02 Mar 2019 18:57:56 +0530 https://www.taxtmi.com/acts?id=36162