General Order - SEBI (Framework For Rejection Of Draft Offer Documents) Order, 2012
Summary
SEBI notified a framework for the rejection of draft offer documents via a General Order dated October 9, 2012. All Registered Merchant Bankers are advised to take note of this order and exercise due care before filing draft offer documents with the Board. This circular is issued under the powers conferred by Section 11 read with Section 11A of the SEBI Act, 1992.
Text
SEBI has, vide General Order dated October 9, 2012, notified framework for rejection of draft offer documents filed with the Board.
All Merchant Bankers are advised to take note of the same and take due care before filing the draft offer document with the Board.
This circular is issued 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 — General Order - SEBI (Framework For Rejection Of Draft Offer Documents) Order, 2012. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.