Quick Summary
Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/SSEP/CIR/P/2022/14 February 04, 2022 To All Recognized Stock Exchanges (except Commodity Exchanges) All Recognized Depositories Issuer Companies Merchant Bankers and Brokers registered with SEBI Registrars to an Issue Dear Sir / Madam, Sub: Disclosures in the abridged prospectus and front cover page of the offer document I. Disclosures in the Abridged Prospectus 1. Section 2(1) of the Companies Act, 2013
Daily Limit Reached
You have reached your daily limit of 2 Free Notice & Circular
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Notice & Circular Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
An abridged prospectus is a memorandum containing the salient features of a full prospectus, as specified by SEBI regulations.
The revised format for disclosures in the abridged prospectus is provided in Annexure A of the SEBI circular.
The format for disclosures on the front outside cover page of offer documents has been updated and is available as Annexure B of the circular, aiming to reduce crowding and improve clarity.
This circular is applicable to all issues opening after the date of its issuance, which is February 4, 2022.
Issuer companies and Merchant Bankers are required to insert a QR code on documents like the front cover page and abridged prospectus. Scanning this code will lead to the downloading of the prospectus, abridged prospectus, and price band advertisement.
They must ensure that disclosures in the abridged prospectus are adequate, accurate, and free from misleading statements. Qualitative statements must be substantiated with Key Performance Indicators (KPIs) and quantitative factors.
CAclubindia
Source : https://www.sebi.gov.in/legal/circulars/feb-2022/disclosures-in-the-abridged-prospectus-and-front-cover-page-of-the-offer-document_55920.html