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TMI BlogPublic communications, publicity materials, advertisements and research reports.X X X X Extracts X X X X X X X X Extracts X X X X ..... contents of the offer document. (2) All public communications and publicity material issued or published in any media during the period commencing from the date of the meeting of the board of directors of the issuer in which the public issue or rights issue is approved till the date of filing draft offer document with the Board shall be consistent with its past practices: Provided that where such public communication or publicity material is not consistent with the past practices of the issuer, it shall be prominently displayed or announced in such public communication or publicity material that the issuer is proposing to make a public or rights issue of specified securities in the near future and is in the process of filing a draft ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of registering final prospectus or the red herring prospectus, as the case may be, with the Registrar of Companies, and the date of allotment of specified securities; (b) in case of a rights issue, between the date of filing the letter of offer with the designated stock exchange and the date of allotment of the specified securities. (5) The issuer shall not, directly or indirectly, release, during any conference or at any other time, any material or information which is not contained in the offer document. (6) In respect of all public communications, issue advertisements and publicity materials, the issuer shall obtain approval from the lead merchant bankers responsible for marketing the issue and shall also make copies of all iss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l display models, celebrities, fictional characters, landmarks or caricatures or the likes; (i) no issue advertisement shall appear in the form of crawlers (the advertisements which run simultaneously with the programme in a narrow strip at the bottom of the television screen) on television; (j) in any issue advertisement on television screen, the risk factors shall not be scrolled on the television screen and the advertisement shall advise the viewers to refer to the red herring prospectus or other offer document for details; (k) no issue advertisement shall contain slogans, expletives or non-factual and unsubstantiated titles; (l) if an advertisement or research report contains highlights, it shall also contain risk factors wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of allotment of specified securities offered in such issue. (12) A research report may be prepared only on the basis of information, disclosed to the public by the issuer by updating the offer document or otherwise. (13) No selective or additional information or information which is extraneous to the information disclosed to the public through the offer document or otherwise, shall be given by the issuer or any member of the issue management team or syndicate to any particular section of the investors or to any research analyst in any manner whatsoever, including at road shows, presentations, in research or sales reports or at bidding centres. 2 [(14) The merchant bankers shall submit a compliance certificate in the format spec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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