Filing of offer documents with SEBI under ICDR Regulations, 2009
Summary
This circular directs registered merchant bankers to file draft or final offer documents with the SEBI Board under the ICDR Regulations, 2009. It specifies that the filing location depends on the issuer's estimated issue size and registered office region. The document mandates filing five copies of the documents and outlines the specific regional offices for submission.
Text
SEBI has framed the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, rescinding the SEBI (Disclosure and Investor Protection) Guidelines, 2000.
An issuer making a public issue or rights issue where the aggregate value is fifty lakh rupees or more is required to file a draft or offer document with the Board.
Merchant bankers must file documents at a particular SEBI office based on the estimated issue size as indicated in the table.
For issues up to fifty crore rupees, filings go to Northern, Eastern, Southern, or Western Regional Offices based on the issuer's registered office jurisdiction.
For all jurisdictions where the estimated issue size is greater than fifty crore rupees, filings must be made to the SEBI Head Office in Mumbai.
Merchant bankers are advised to file five copies of the draft or offer documents with the indicated office.
All merchant bankers are advised to comply with this circular issued under section 11(1) of the Securities and Exchange Board of India Act, 1992.
Source: SecMarx — Filing of offer documents with SEBI under ICDR Regulations, 2009. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.