Obligations of the issuer and merchant banker

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..... lic and shall ensure that all the disclosures made in the offer document are true, fair and adequate and there is no mis-leading or untrue statements or mis-statement in the offer document. (2) The merchant banker(s) shall verify and confirm that the disclosures made in the offer documents are true, fair and adequate and ensure that the issuer is in compliance with these regulations. (3) The merch .....

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..... ssuer or its group companies in accordance with the applicable regulations. ] ************ NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/40 dated 27-09-2019 before it was read as, Obligations of the issuer and merchant banker. 27. (1) The issuer shall disclose all the material facts in the offer documents issued or distributed to the public and shall ensure that all the disclos .....

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..... procedures as may be specified by the Board. (5) The issuer and merchant bankers shall be responsible for the due diligence in respect of assignments undertaken by them in respect of issue, offer and distribution of securities to the public. (6) No person shall employ any device, scheme or artifice to defraud in connection with issue or subscription or distribution of debt securities which are lis .....

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