Publishing investor charter and disclosure of investor complaints by Merchant Bankers on their websites for private placements of Municipal debt securities

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....al Mechanism, it has also been decided that all the registered Merchant Bankers shall disclose on their respective websites, the data on complaints received against them or against issues dealt by them and redressal thereof, on each of the aforesaid categories separately as well as collectively, latest by 7th of succeeding month, as per the format enclosed at Annexure - B to this circular. 5. The provisions of this circular shall come into effect from January 01, 2022. 6. This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, Regulation 30 of SEBI (Issue and Listing of municipal debt securities) Regulations, 2015. Investors' Charter-Pvt Placement- Municipal debt securities 7. This circular is available on the website of the Securities and Exchange Board of India at www.sebi.gov.in under the category "Legal" and under the drop down "Circulars". Yours faithfully, Deena Venu Sarangadharan Deputy General Manager Department of Debt and Hybrid Securities Tel No. 022-2644-9266 Email Id - [email protected] ============= Document 1 भारतीय à....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 1 Filing of preliminary placement memorandum Website of SEBI and stock exchange(s) ("PPM") with SEBI and Stock exchanges 2 Filing of PM Website of SEBI and stock exchange(s) 3 Receipt of funds and Allotment of municipal debt securities within 2 working day from issue closure 4 Dissemination of all As and when required information and compliance reports by issuer, debenture trustee and stock exchange Issuer, Debenture trustee and Stock exchanges website 5 6 7 8 Commencement of trading Option to roll-over the securities with the Issuer Option to buy back securities with the Issuer Call and put option Dissemination of all information and compliance within 4 working days from issue closure 21 days prior notice to investors after the municipal debt securities are issued after the municipal debt securities are issued 9 As and when required reports by issuer, debenture trustee and stock exchange Stock Exchanges website (please refer to the Listing circular by stock exchanges) Stock exchanges Placement Memorandum ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ke an application below the minimum application amount. 2. Do not submit Applications on plain paper or on incomplete or illegible Application Forms. 3. Do not apply if you are not competent to contract under the Indian Contract Act, 1872. 4. Do not submit fictitious applications. 5. Do not make incomplete application. (Application forms without PAN shall be considered incomplete and are liable to be rejected). Page 5 of 9 भारतीय प्रतिभूति और विनिमय बोर्ड Bi Securities and Exchange Board of India Investors' Charter-Pvt Placement- Municipal debt securities INVESTOR GRIEVANCE REDRESSAL MECHANISM AND HOW TO ACCESS IT Investor Complaint Merchant Banker (for email ID refer to the Placement Documents) Issuer (for email ID refer to Placement Memorandum) Scores (https:/scores.gov.in) Stock Exchanges (www.nseindia.com; www.bseindia.com ) Registrar to Issue/Offer (Mainly for post issue/ allotment related grievances) (refer Placement Document for email id) TIMELINES FOR RESO....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Nature of enquiries for which Merchant Banker shall endeavour to resolve such enquiries/ queries promptly during the issue period. 1. Process for applying in the Private placement and making payments 2. Terms of the private placement, allotment methodology, Issue Period, date of allotment, date of listing 3. Any other query of similar nature RESPONSIBILITIES OF INVESTORS (EXPECTATIONS FROM THE INVESTORS) 1. Investors should read the PPM and the PM, application form, and issue related literature carefully and fully before investing. 2. Consult his or her own tax consultant with respect to the specific tax implications. 3. Investors should ensure active demat/broking account before investing. Page 7 of 9 भारतीय प्रतिभूति और विनिमय बोर्ड Bi Securities and Exchange Board of India GB Investors' Charter-Pvt Placement- Municipal debt securities Annexure - B Format for Investors Complaints Data to be displayed by Registered Merchant Bankers on their respective websites (For each category, sepa....