Contents of Application Form and Abridged Prospectus for Public Issue of Debt Securities
Summary
This circular standardizes the format and contents of Application Forms and Abridged Prospectuses for public issues of debt securities. It mandates specific physical printing requirements, such as A4 size and font specifications, for these documents. Issuers and intermediaries are directed to comply with these instructions within 30 days of the circular's issuance. This section presents Annexure A, which is the Application Form for Resident Applicants seeking to invest in Non Convertible Debentures. The form requires applicants to provide personal details, investor category, depository information, and investment specifics such as series and amount. It also mandates payment details via cheque or demand draft and includes a mandatory acknowledgment slip for tracking the application. This section outlines the applicant's undertaking to accept NCD terms and confirms their eligibility as Indian residents. It details additional requirements for holding NCDs in physical form, including KYC documentation. The text concludes with a table listing investor categories and placeholders for specific issue structure parameters. This section presents Annexure B, which is the Application Form spec
Text
SEBI had notified SEBI (Issue and Listing of Debt Securities) Regulations in 2008 specifying norms for public issue of debt securities and privately placed listed debt securities.
With respect to public issue of debt securities, there is currently no specified standard format for the Application Form and Abridged Prospectus.
In order to standardize the Application Form and Abridged Prospectus for public issue of debt securities, the existing forms and abridged prospectus were discussed and deliberated upon with market participants.
All Application forms shall be printed in A4 size sheet.
No change shall be carried out in spacing, placement or in data fields in the Application Form except for the following...
In case the issue is not offered to NRI investors, the NRI specific form may not be printed.
The abridged prospectus shall be printed in A4 size sheets.
The Abridged Prospectus shall be printed: i. In Times New Roman font, ii. in a font size of not less than 10, iii. with a line spacing not less than 1.00 lines iv. and normal character spacing with 100% scale and no condensation.
The order of the contents in the abridged prospectus shall not be changed.
The issuer and all the concerned intermediaries are directed to comply with the instructions contained in this circular effective from 30 days to the date of this circular.
This circular is issued in exercise of powers conferred under Section 11(1) and section 11A of the Securities and Exchange Board of India Act, 1992 read with Regulation 31(1) of SEBI (Issue and Listing of Debt Securities) Regulations, 2008.
ANNEXURE - A APPLICATION FORM - RESIDENT APPLICANT ... COMPANY NAME ISSUE OPENS ON : ........................................, 2012 ISSUE CLOSES ON* : ........................................, 2012
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Source: SecMarx — Contents of Application Form and Abridged Prospectus for Public Issue of Debt Securities. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.