Eligibility requirements for an initial public offer

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..... r equal to ten crore rupees. (2) An issuer, whose post issue face value capital is more than ten crore rupees and upto twenty five crore rupees, may also issue specified securities in accordance with provisions of this Chapter. (3) An issuer may make an initial public offer, if it satisfies track record and/or other eligibility conditions of the SME Exchange(s) on which the specified securities ar .....

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..... s of the Institute of Chartered Accountants of India (ICAI) and hold a valid certificate issued by the Peer Review Board of the ICAI, stating that: (i) the accounts and the disclosures made are in accordance with the provisions of Schedule III of the Companies Act, 2013 ; (ii) the accounting standards prescribed under the Companies Act, 2013 have been followed; (iii) the financial statements prese .....

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