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

Last updated: 26 November 2021

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The Securities and Exchange Board of India (SEBI) has issued a new circular requiring all registered Merchant Bankers to publish an Investor Charter on their websites. This charter, developed in consultation with merchant bankers, aims to provide investors with clear information on primary market activities and exit options. Additionally, merchant bankers must disclose data on investor complaints received and their redressal on their websites by the 7th of each month.

Securities and Exchange Board of India Circular No. SEBI/HO/CFD/DCR2/P/CIR/2021/0661 DatedNovember 23, 2021 To, All Registered Merchant Bankers Dear Sir/Madam, Subject: Publishing Investor Charter and Disclosure of Complaints by Merchant Bankers on their Websites 1. With a view to provide investors an idea about the various activities pertaining to primary market issuances as well as exit options like Takeovers, Buybacks or Delistings, an Investor Charter has been developed i

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FAQ :

The Investor Charter is designed to give investors a clear understanding of various activities related to primary market issuances and exit options like takeovers, buybacks, or delistings, all in one easy-to-understand document.

The Investor Charter must cover Initial Public Offer (IPO), Further Public Offer (FPO), Offer for Sale (OFS), Rights Issue, Qualified Institutions Placement (QIP), Preferential Issue, SME IPO and FPO, Buyback of Securities, Delisting of Equity Shares, and Substantial Acquisitions of Shares and Takeovers.

Merchant bankers must disclose data on complaints received against them or against issues they have dealt with, along with the redressal of these complaints. This should be done separately for each category and collectively.

These disclosure requirements will come into effect from January 01, 2022.

Merchant bankers must disclose complaint data on their websites by the 7th of the succeeding month.

Notification No : Circular No. SEBI/HO/CFD/DCR2/P/CIR/2021/0661
Source : https://www.sebi.gov.in/legal/circulars/nov-2021/publishing-investor-charter-and-disclosure-of-complaints-by-merchant-bankers-on-their-websites_54147.html

Attached File : 322600_10872_1637746936218.pdf

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