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TMI BlogFiling of draft offer documentX X X X Extracts X X X X X X X X Extracts X X X X ..... ed into between the issuer and the lead manger; (b) a due diligence certificate as per Form A of Schedule II. (3) The Board may specify changes or issue observations, if any, on the draft offer document within twenty one days from the later of the following dates: a) the date of receipt of the draft offer document under sub-regulation (1); or b) the date of receipt of satisfactory reply from the lead manager(s), where the Board has sought any clarification or additional information from them; or c) the date of receipt of clarification or information from any regulator or agency, where the Board has sought any clarification or information from such regulator or agency; or d) the date of receipt of a copy of in-principle approval letter issue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d and highlighting all changes made in the draft offer document and before filing the offer document with the stock exchange or Registrar of Companies, as the case may be. (9) The lead manager(s) shall submit the following documents to the Board after issuance of observations by the Board or after expiry of the period stipulated in sub-regulation (3) of this regulation if the Board has not issued observations: a) a statement certifying that all changes, suggestions and observations made by the Board have been incorporated in the offer document or the placement memorandum; b) a due diligence certificate as per Form B and Form C of Schedule II. (10) A copy of draft and final offer document along-with a soft copy shall also be forwarded to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ger(s) and the stock exchanges shall provide copies of the offer document to the public as and when requested and may charge a reasonable sum for providing a copy of the same. ] ************* NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/40 dated 27-09-2019 before it was read as, Filing of draft offer document 7. (1) No issuer shall make a public issue of revenue bonds unless a draft offer document has been filed with the designated stock exchange through the lead merchant banker: Provided that where an issuer has filed a shelf prospectus, not more than four public issuances shall be made through a single shelf prospectus during a financial year. (2) The draft offer document filed with the designated stock exchange shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cords, simultaneously with filing of these documents with designated stock exchange. (8) The issuer filing a shelf prospectus shall file a copy of an information memorandum with the recognised stock exchanges and the Board and in case of a corporate municipal entity, file the same with the Registrar of Companies. (9) Where the issuer is a corporate municipal entity, the information memorandum shall contain the disclosures specified in Companies Act, 2013 and rules made thereunder and shall include disclosures regarding summary term sheet, material updations including revision in ratings, if any, along with the rating rationale and financial ratios specified in Schedule I. (10) The lead merchant banker shall, prior to opening of the public i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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