Instructions to registered Merchant Bankers

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..... hant Bankers / Stock Exchanges Dear Sirs, Sub.: Instructions to registered Merchant Bankers 1.0 In exercise of the powers conferred under sub-section (1) of Section 11 of the Securities and Exchange Board of India Act, 1992, all Merchant Bankers are advised to comply with the instructions below: 2.0 Copy of PAN Card with bid/issue application not required 2.1. It has been brou .....

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..... e and engaged in collecting application forms are made aware of the above and that they do not refuse to accept applications in the absence of photocopy of PAN card. Merchant Bankers shall be held responsible in this regard. 3.0 Complaints / Public Comments on Offer Documents filed with SEBI: 3.1. Complaints/comments received by SEBI regarding any offer documents filed with SEBI are f .....

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..... the complaint has resulted in pointing out inadequate disclosures in the offer document, merchant bankers shall provide adequate disclosure and inform SEBI at the earliest. c. In the merchant banker s reply to SEBI, it shall be confirmed/clarified that, in the view of the merchant banker: the reply/ clarification of the issuer company given to the Merchant banker have been found satisfa .....

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