Capital Market - 2. page

DISPLAY OF BID DATA : Agreements with other intermediaries and others • The issuing company shall appoint a registrar and transfer agent which has connectivity with all the depositories. • The […]

Display of bid data and issue of allotment letter : The stock exchange(s) offering online bidding system for the book building process shall display on their website, the data pertaining to […]

DISCLOSURES IN PROSPECTUS AND ABRIDGED PROSPECTUS : 1. The prospectus shall contain all material disclosures which are true, correct and adequate so as to enable the applicants to take an informed […]

POST-ISSUE REPORTS : 1. The merchant banker shall submit post-issue reports to SEBI. 2. The post-issue reports shall be submitted as follows: (a) initial post issue report, within three days […]

CONDITIONS FOR ISSUE OF IDR : An issue of IDR shall be subject to the following conditions: (a) issue size shall not be less than fifty crore rupees; (b) procedure […]

PROVISION RELATED TO MINIMUM SUBSCRIPTION For non-underwritten issues (a) If the issuing company does not receive the minimum subscription of ninety per cent of the offer through offer document on the […]

FUNGIBILITY The IDRs shall be fungible into underlying equity shares of the issuing company in the manner specified by SEBI and RBI from time to time. Partial fungibility of IDRs (i.e. […]

PROCEDURE FOR TRANSFER AND REDEMPTION : Sub-rule 6 narrates the procedure for transfer and redemption of IDRs. (a) A holder of IDRs may transfer the IDRs, may ask the Domestic […]

ELIGIBILITY : An issuing company making an issue of IDR shall satisfy the following: (a) the issuing company is listed in its home country; (b) the issuing company is not […]

PROCEDURE FOR MAKING AN ISSUE OF IDRs : Sub-rule 3 lays down the procedure for making an issue of IDRs. The issuing company shall follow the following procedure for making an […]