Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
Summary
This circular modifies previous guidelines regarding the filing of draft offer documents for capital issues under SEBI ICDR Regulations, 2009. It mandates that Merchant Bankers file these documents with specific regional offices based on the estimated issue size and the issuer's registered office location. The directive applies to issues up to ₹100 crore filed regionally and larger issues filed at the Head Office in Mumbai.
Text
draft offer documents in respect of issues of size upto ` 100 crore shall be filed with the concerned regional office of the Board under the jurisdiction of which the registered office of the issuer company falls.
Merchant Bankers are accordingly advised to file the draft offer documents / offer documents with the concerned office of the Board, based on the estimated issue size as indicated below:- [Table listing Northern, Eastern, Southern, and Western Regions with specific states and addresses].
For estimated issue size greater than ` 100 crore, filing is required at SEBI Bhavan, Plot No. C4-A, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.
Merchant Bankers are further advised to file five copies of the draft offer documents / offer documents with the office indicated above.
The above are specified in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992.
Source: SecMarx — Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.