Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Capital markets regulator Securities Exchange Board of India vide circular SEBI/HO/CFD/SSEP/CIR/P/2022/14 revised the format of abridged prospectus. This change was made to simplify and ensure greater clarity and consistency in the disclosure in the front page of the offer document. This circular was issued to all recognized stock exchanges, recognized depositories, issuer companies, merchant bankers and brokers, registrars to an issue.
It refers to a memorandum with salient features of a prospectus as may be specified by Securities Exchange Board of India by drafting regulations on this behalf. A prospectus is a document through which the company communicates and invites public to invest into it or buy their securities. A prospectus contains information on the financial position of the company, the objects of public offer, names of the signatories to the memorandum etc.
As per the companies act, every application form for the purchase of a company’s securities should be accompanied by this kind of prospectus.
According to the revised format, a company needs to disclose the following:
SEBI remarked in its circular that with a view to simplify, provide greater clarity and consistency in the disclosures across documents and also to provide additional yet critical information in the said prospectus, the disclosure format has been revised.
This circular shall be applicable for all issues with immediate effect, said SEBI. SEBI expects this move to usher in greater clarity and transparency as critical information will be available on the front page of the offer document.
Read our Article:Essential Directions on Recovery of Shares in India
SEBI, the regulatory body for markets, has directed stockbrokers to establish an institutional...
If you have lost track of your shares in Muthoot Finance Limited, they may have been transferre...
Customer Acquisition is essential for any successful organization, placing customers ahead of p...
The role of AMFI in NRI SIP investments is continuously growing in the Indian mutual fund marke...
India’s Financial Intelligence Unit has introduced a groundbreaking upgrade to its informatio...
Are you human?: 9 + 8 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
On 19th August 2022, vide Circular number SEBI/HO/MRD/DCAP/P/CIR/2022/110, a Circular was issued by the Securities...
15 Oct, 2022
To provide relief to the FPI (Foreign Portfolio Investor), SEBI came out with the revised KYC norms for FPIs &...
25 Jun, 2023