SEBI notifies for Publishing Investor Charter and Disclosure of Complaints by Merchant Bankers on their Websites

Nov 24, 2021 | by TeamLease RegTech Legal Research Team

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Secretarial Compliance

The Securities and Exchange Board of India (SEBI) on November 23, 2021 has issued a circular on Publishing Investor Charter and Disclosure of Complaints by Merchant Bankers on their Websites to provide investors an idea about the various activities pertaining to primary market issuances as well as exit options like Takeovers, Buybacks or De-listings, an Investor Charter has been developed in consultation with the Merchant Bankers.

• All the registered Merchant Bankers are hereby advised to disclose on their website, Investor Charter for each of the following categories, as provided at Annexure-‘A’ to this circular, -

o Initial Public Offer (IPO) and Further Public Offer (FPO) including Offer for Sale (OFS);

o Rights Issue;

o Qualified Institutions Placement (QIP);

o Preferential Issue;

o SME IPO and FPO including OFS;

o Buyback of Securities;

o Delisting of Equity Shares;

o Substantial Acquisitions of Shares and Takeovers.

SEBI has decided that all the registered Merchant Bankers shall disclose on their respective websites, the data on complaints received against them or against issues dealt by them and redressal thereof, on each of the aforesaid categories separately as well as collectively, latest by 7th of succeeding month, as per the format enclosed at Annexure-‘B’ to this circular.

The provisions of this circular shall come into effect from January 01, 2022.

*Disclaimer – Kindly find Annexure A and Annexure B in the provided Document.

[Circular NO. SEBI/HO/CFD/DCR2/P/CIR/2021/0661]

 


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