TaxTMI 
TaxTMI 
TaxTMI 
Publishing Investor Charter and Disclosure of Investor Complaints by Merchant Bankers on their Websites for private placement of units by InvITs proposed to be listed
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....nits by InvITs propose to be listed. 2. This charter is a brief document containing different services to investors at a single place for ease of reference. 3. All registered Merchant Bankers are hereby advised to disclose on their websites, the Investor Charter for private placement of units by InvITs proposed to be listed, as provided at Annexure - A to this circular. 4. Additionally, in order to bring about transparency in the Investor Grievance Redressal 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, latest by 7th of succeeding month, as per the format enclosed ....
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....red copies of the Placement Memorandum and the Application Form to Eligible Investors, in consultation with the Investment Manager. TIMELINES Sr. Activity No. 1 Filing of draft 2 3 5 Memorandum by Trust Timeline for which activity takes place Information where available Placement 0 Websites of SEBI, Stock Exchanges Filing of Placement Memorandum Circulation of Placement Memorandum along with application form to eligible investors determined by investment manager Issue opening date as Availability of material documents At least 5 days prior to opening Websites of SEBI, Stock of the issue After filing of Placement Memorandum with SEBI and Stock Exchanges Exchanges Placement Memorandum After 5 working days ....
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....d Amount deposited in the Designated Account, and include details of the bank account from which payment of the Bid Amount was made as well as a confirmation of funds transfer. 8. Submit the Application Form to the Lead Manager either through electronic form or through physical delivery at the address mentioned in the Placement Memorandum only during the Bid/issue period 9. Make payment of the entire Bid Amount for the Units at the Issue Price, only through electronic transfer to the Designated Account during the Bid/Issue Period, along with the Application Form. 10. Payment of Bid Amount for Units shall be made from the bank account of the relevant Bidder applying for Units. The Bid Amount payable on Units to be held by joint holde....
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....¢ Scores (https:/scores.gov.in) • Stock Exchanges (www.nseindia.com; ww.bseindia.com) Merchant Banker (for email ID refer to Placement Memorandum) Registrar to Issue/Offer (Mainly for bidding/ post issue/ allotment related grievances) (for email ID refer to Placement Memorandum) TIMELINES FOR RESOLUTION OF INVESTOR GRIEVANCES IN A PUBLIC ISSUE (INVIT) Sr. Activity No No. of calendar days 1 Investor grievance received by the lead manager T 2 Lead Manager to the offer to identify the concerned intermediary and it shall be endeavoured to forward the grievance to the concerned intermediary/ies on T day itself T+1 3 The concerned intermediary/ies to respond to the lead manager with an acceptable reply X Inves....
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....s/ queries promptly during the issue period. 1. Process for applying in the private placement of units and making payment for the same 2. Terms of private placement, allotment methodology, Issue Period, date of allotment, date of listing 3. Any other query of similar nature RESPONSIBILITIES OF INVESTORS 1. Read and understand the terms of Placement Memorandum, 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 arising out of their participation in the issue 3. Provide full and accurate details when making investor grievances to Lead Managers and the registrar to the issue 4. After listing, Investors should regu....