Regulation 30 - Advertisements for Public issues - Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021

Advertisements for Public issues 30. (1) The issuer shall make an advertisement 1 [ through electronic modes such as online newspapers or website of the issuer or the stock exchange, or ] in an english national daily and regional daily with wide circulation at the place where the registered office of the issuer is situated, on or before the issue opening date and such advertisement shall, amongst other things, contain the disclosures as specified in Schedule V. 2 [ Provided that issuers opting to advertise the public issue through electronic modes shall publish a notice, in an English national daily and regional daily newspaper with wide circulation at the place where the registered office of the issuer is situated, exhibiting a QR Code and link to the complete advertisement. ] (2) No issuer shall issue an advertisement which is misleading or which contains any information in a distorted manner or which is manipulative or deceptive. (3) The advertisement shall be truthful, fair and clear and shall not contain a statement, promise or forecast which is untrue or misleading. (4) Any advertisement issued by the issuer shall not contain any matters which are extraneous to the contents of the offer document and the advertisements shall not display models, celebrities, fictional characters, landmarks, caricatures or the likes for solicitation of the public issue. (5) The advertisement shall solicit investment only on the basis of information contained in the offer document. (6) Any corporate or product advertisement issued by the issuer from the date of filing of the draft offer document with the stock exchange(s) till the issue closure date, shall not make any reference to the issue of debt securities and non-convertible redeemable preference shares or be used for solicitation for debt securities and non-convertible redeemable preference shares. (7) The credit rating shall be prominently displayed in the advertisement. ************* NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/205 dated 17-09-2024 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/205 dated 17-09-2024