TaxTMI 
TaxTMI 
New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’
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....Regulation 2(1)(a) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ("NCS Regulations") "abridged prospectus" means a memorandum accompanying the application form for a public issue containing such salient features of a prospectus as specified by the Board. 4. Further, in terms of Regulation 32(3) of the NCS Regulations, abridged prospectus shall be in the format as specified in Part B of Schedule I of the NCS Regulations. 5. In order to further simplify, provide greater clarity and consistency in the disclosures across various documents and to provide additional but critical information in the abridged Prospectus, the format for disclosures in the abridged Prospectus has been revised and is placed at Annex-I of this Circular. 6. Further, instructions to investors for completing the application form is specified in Annex- II. Issuer/ Merchant Bankers/ syndicate members like brokers who are involved in the public issue shall disclose the same on their websites during the period a public issue is kept open. 7. This Circular shall be applicable for all public issues opening on or after October 1, 2023. Accordingly, for public issues that open on or ....
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[email protected] Annex-I ABRIDGED PROSPECTUS THIS ABRIDGED PROSPECTUS CONSISTS OF XX PAGES. PLEASE ENSURE THAT YOU HAVE RECEIVED ALL THE PAGES You are encouraged to read greater details available in the Prospectus (link to download Prospectus) Please ensure that you read the Prospectus and the general instructions contained in this Memorandum before applying in the Issue. Unless otherwise specified, all capitalized terms used in this form shall have the meaning ascribed to such terms in the Prospectus. The investors are advised to retain a copy of Abridged Prospectus for their future reference. You may obtain a physical copy of the Application form from our Registered Office, the Lead Managers(LM), Syndicate members, Registrar to the Issue, the Designated Branches of Self Certified Syndicate Banks. You may also download the Prospectus from the websites of SEBI, Lead Managers and Stock Exchanges that is www.sebi.gov.in; www.nseindia.com; www.bseindia.com; websites of LMs (to be specified). NAME OF THE ISSUER and ISSUER's LOGO Date of Incorporation: xxxx , CIN.- xxxx Registered Office Corporate Office Company Secretary and Compliance Officer Email a....
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....tional Qualification Details of the promoters should not exceed 500 words while explaining their experience and educational qualifications. BOARD OF DIRECTORS Sr. No. Name Designation (Independent/ Whole-time/ Executive/ Nominee) Experience and Educational Qualification Other Directorships 1 Indian Companies: Foreign Companies: 2 3 4 5 For further details, please refer to page no. [●] of the Prospectus. BUSINESS OVERVIEW Company Overview : Product/ Service Offering: Geographies Served: Client Profile or Industries served: Intellectual Property, if any: Manufacturing plant, if any Employee Strength : Note: (1) The quantitative statements shall be substantiated with quantitative factors (2) No qualitative statements shall be made which cannot be substantiated with quantitative factors (3) Information provided in the table should not exceed 1000 words RISK FACTORS (Minimum 6 and Maximum 10 risk factors to be specified) The below mentioned risks are prominent [*] risk factors each (headings only) as per the Prospectus, including 3 each pertaining to the Issuer and the NCDs. Please read the risk factors caref....
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....ions, 2021, as amended: For detailed financial statements of our Company, please refer to page no. [●] of the Prospectus. OBJECTS OF THE ISSUE The Net Proceeds raised through the Issue will be utilized for following activities in the ratio provided as below: a) For the purpose of [●] - [●] % of the amount raised and allotted in the Issue b) For General Corporate Purposes- [●] % of the amount raised and allotted in the Issue ISSUE PROCEDURE CONTACT DETAILS: Name Address Tel: E-mail: Investor Grievance Email: Website Contact Person Registration No LEAD MANAGERS CONSORTIUM/LEAD BROKERS REGISTRAR TO THE ISSUE DEBENTURE TRUSTEE CREDIT RATING AGENCY BANKERS TO THE ISSUE AND SPONSOR BANK ESCROW COLLECTION BANKS Only names to be included SELF CERTIFIED SYNDICATE BANKS: (Please scan the QR code to view the Prospectus) Annex-II Instructions For Completing the Application Form 1. Applications cannot be made by: The following categories of persons, and entities, shall not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected: a) Minors without a ....
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....ounts, suspended accounts or where such account is classified as invalid or suspended may not be considered for Allotment of the Bonds. f) If the ASBA Account holder is different from the ASBA Applicant, the Application Form should be signed by the ASBA Account holder also, in accordance with the instructions provided in the Application Form. g) Applications for all the Series of the Bonds may be made in a single Application Form only. h) It shall be mandatory for subscribers to the Issue to furnish their Permanent Account Number and any Application Form, without the PAN is liable to be rejected, irrespective of the amount of transaction. i) All Applicants should check if they are eligible to apply as per the terms of the Shelf & Tranche with Prospectus and applicable laws. j) For Applicants, the Applications in physical mode should be submitted to the SCSBs or a member of the Syndicate or to the Trading Members of the Stock Exchanges on the prescribed Application Form. SCSBs may provide the electronic mode for making Application either through an internet enabled banking facility or such other secured, electronically enabled mechanism for Application and blocking funds i....
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....cting Banks (assuming that such bank is not a SCSB) or to the Company or the Registrar to the Issue; In case of ASBA Applications through Syndicate ASBA, before submitting the physical Application Form to the Members of the Syndicate or Trading Members of the stock exchange(s), ensure that the SCSB where the ASBA Account, as specified in the ASBA Form, is maintained has named atleast one branch in that Specified City for the Members of the Syndicate or Trading Members of the stock exchange(s), as the case may be, to deposit ASBA Forms. A list of such branches is available at ….. (website link to be provided) s) ASBA Applicants should ensure that the Application Form is signed by the ASBA Account holder in case the ASBA Applicant is not the account holder. t) ASBA Applicants should ensure that they receive an acknowledgement from the Designated Branch or the concerned Members of the Syndicate or Trading Members of the stock exchange(s), as the case may be, for the submission of the Application Form. 3. Rejection of Applications: a) Applications submitted without blocking of the entire Application Amount. However, the Company may allot bonds up to the value of Applica....
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....IR/ MRD/DP/22/2010; t) Applications tendered to the Trading Members of the stock exchange(s) at centers other than the centers mentioned in the Application Form; u) SCSB making an ASBA Application(a) through an ASBA Account maintained with its own self or (b) through an ASBA account maintained through a different SCSB not in its own name, or (c) through an ASBA Account maintained through a different SCSB in its own name, which ASBA Account is not utilized for the purpose of applying in public issue v) Application Amount paid being higher than the value of Bonds applied for. However, the Company may allot Bonds up to the number of Bonds applied for, if the value of such Bonds applied for, exceeds the Minimum Application Size; w) Application Amounts paid not tallying with the number of Bonds applied for; x) Applications for amounts greater than the maximum permissible amounts prescribed by applicable regulations y) Applications by persons/entities who have been debarred from accessing the capital markets by SEBI; z) In case of ASBA Applicants, payment of Application Amount in any mode other than through blocking of Application Amount in the ASBA Accounts shall not be a....
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....Series of Bonds, and in case such Applicant is entitled to allocation of only a part of the aggregate number of Bonds applied for, the Series wise allocation of Bonds to such Applicants shall be in proportion to the number of Bonds with respect to each Series, applied for by such Applicant, subject to rounding off to the nearest integer, as appropriate, in consultation with the Lead Managers and the Designated Stock Exchange. ii. All decisions pertaining to the basis of allotment of Bonds pursuant to the Issue shall be taken by the Company in consultation with the Lead Managers, and the Designated Stock Exchange and in compliance with the aforementioned provisions of the Prospectus. Any other queries/issues in connection with the Applications will be appropriately dealt with and decided upon by the Company in consultation with the Lead Managers. iii. The Company shall allocate and allot [●] (depending upon the category of applicants) to all valid applications, wherein the Applicants have not indicated their choice of the relevant Bond Series. iv. The Company has the discretion to close the Issue early irrespective of whether any of the Portion(s) are fully subscribed or....