Important Points for IC 99 - Asset Management Exam
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Section 11C : The SEBI has the power as well as duty to conduct investigation.
Any company offering its shares to the public for subscription is required to be listed on the stock exchange and has to comply with the conditions as provided in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009.
Draft offer document to be made public (Regulation 9) : The draft offer document filed with the Board shall be made public, for comments, for a period of at least 21 days from the date of such filing.
Underwriting (Regulation 13) : Where the issuer makes a public issue through the book building process, such issue shall be underwritten by book runners or syndicate members.
Minimum subscription (Regulation 14) : The minimum subscription to be received in an issue shall not be less than 90% of the offer through offer document.
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