For the returning draft document of public issues, SEBI issues guidelines

On Tuesday, SEBI came up with guidelines for returning the draft offer document for the public issues and its resubmission in a bid for greater clarity and consistency.

As per the guidelines, the is important that the draft document must be prepared in simple language and with a visual representation of the data so that it can be ensured that the ease of understanding can be enabled.

The information must be presented in a clear, concise manner.

Complex presentations as well as vague and ambiguous explanations must be avoided.

SEBI has also asked to avoid the usage of legal and technical terminology. If used, the same must be provided with full clarification.

Within two days of the resubmission, the issuer shall make a public announcement as per the ICDR guidelines.

Regarding the return and resubmission a written intimation has to be given to the sectoral regulator.

Written By:- Shianjany Pradhan (@SHIANJANYPRADHAN)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts

Inside Court News

Last Updated on June 23, 2024 by News Desk The Kerala High Court Advocates Association(KHCAA) submitted its opinion to the expert committee, headed by...

Inside Court News

Last Updated on June 22, 2024 by News Desk The Bombay High Court recently condemned an Additional Sessions Judge for inappropriately using the word...

Inside Court News

Last Updated on June 21, 2024 by News Desk It was ruled by the Kerala HC that if an employee is sharing messages and...

Inside Court News

Last Updated on June 21, 2024 by News Desk The recent ruling by the Madras High Court clarifies the legal stance regarding property inheritance...

Exit mobile version