Chapter 12A - SHELF PROSPECTUS - SEBI (Disclosure and Investor Protection Guidelines) 2000

1 (CHAPTER XII-A SHELF PROSPECTUS 12A.1 Applicability (a) This Chapter shall apply to issues of 2 (Deleted) securities to be made by public sector banks, scheduled commercial banks and public financial institutions. (b) Unless otherwise specified in this Chapter, the provisions of these Guidelines relating to public issues shall apply in respect of such issues. 12A.2 Procedure 12A.2.1 A public sector bank, scheduled commercial bank or public financial institution proposing to issue a shelf prospectus shall file a draft shelf prospectus with the Board. 3 (Provided that nothing contained in this clause shall apply to a fast track issue) 12A.2.2 Where a draft shelf prospectus is filed with the Board, the provisions of Chapter V of these Guidelines shall apply as if it were a draft prospectus filed under clause 2.1.1. 12A.2.3 The shelf prospectus shall, in addition to other requisite disclosures as per these Guidelines, also disclose the aggregate amount proposed to be raised through all the stages of offers of securities made under the shelf prospectus. 12A.2.4 The observation letter issued by the Board shall be valid for a period of 365 days from the date of issuance. 12A.3 Information memorandum 12A.3.1 A public sector bank, scheduled commercial bank or public financial institution shall file the shelf prospectus after incorporating the updations in terms of information memorandum in respect of the second or any subsequent offer of securities with the Board. 12A.3.2 The shelf prospectus as updated in terms of Clause 12A.3.1 shall be uploaded on the website of SEBI and on the website of the lead manager. 12A.3.3 The public sector bank, scheduled commercial bank or public financial institution shall open the particular stage of offer of securities after filing the information memorandum/shelf prospectus as updated in terms of Clause 12A.3.1 with the Registrar of Companies and with the Board.) ******** 1 Inserted Chapter, vide circular no. SEBI/CFD/DIL/DIP/12/2004/8/4 dated April 8, 2004. 2 Omitted the words debt , vide SEBI Circular No. SEBI/CFD/DIL/DIP/28/2007/29/11 dated November 29, 2007. 3 Inserted proviso, vide SEBI Circular No. SEBI/CFD/DIL/DIP/28/2007/29/11 dated November 29, 2007.