Regulation 175 - Placement document - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

PART III: PLACEMENT DOCUMENT 175. (1) The lead manager(s) shall exercise due diligence and shall satisfy themselves with all aspects of the Issue including the veracity and adequacy of disclosures in the offer document. (2) The qualified institutions placement shall be made on the basis of a 1 [ preliminary placement document and ] placement document which shall contain all material information, including those specified in the Companies Act, 2013 , if any, and disclosures as specified in Schedule VII shall be made, including as specified therein if the issuer or any of its promoters or directors is a 2 [ wilful defaulter or a fraudulent borrower ] . (3) The preliminary placement document and the placement document shall be serially numbered and copies the same shall be circulated only to select investors. (4) The preliminary placement document and the placement document shall be placed on the websites of the relevant stock exchange(s) and of the issuer with a disclaimer to the effect that it is in connection with a qualified institutions placement and that no offer is being made to the public or to any other category of investors. ************ NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as wilful defaulter