The Securities and Exchange Board of India (SEBI) on February 06, 2024, issued the notification regarding the Guidelines for returning the draft offer document and its resubmission.
The following has been stated namely: -
• To avoid the lack of compliance in draft offer documents/draft letter of offer filed with the Board for public issue/rights issue of securities and to ensure completeness of the offer document for investors and to provide greater clarity and consistency in the disclosures and for timely processing, it has been decided to issue ‘Guidelines for returning of the draft offer document and its resubmission
• The broad guidelines for returning of draft offer document and its resubmission are attached to Annexure A
• Where the draft offer document is returned in terms of these guidelines, there shall be no requirement for payment of any fees on account of resubmission of the draft offer document.
This shall come into force on February 06, 2024
