CIRCULAR, CIR/CFD/DIL/12/2013,
dated October 23, 2013
To,
All Registered Merchant Bankers
All Recognized Stock Exchanges
1. In terms of regulation 58 (1) read with General Instructions (I)
of Schedule VIII, Part D of SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2009, information which is of generic nature and not specific to
the issuer shall be brought out in the form of a General Information Document
(GID) as specified by the Board.
2. To this end, the generic disclosures to be brought out in the
General Information Document are enumerated at Annexure. All Merchant
Bankers are advised to take note of the contents of GID in Annexure.
Accordingly, generic information need not be provided in the Abridged
Prospectus.
3. Lead Manager(s) shall ensure that:
3.1. The GID should explicitly
incorporate the date of last updation;
3.2. The number of GIDs printed by
every issuer company shall not be less than five per cent of the total Abridged
Prospectus/ Application Forms printed or 50,000 in number, whichever is lower;
3.3. Copy of GID is provided to an
investor as and when requested, in form and manner so requested by the
investor;
3.4. The updated GID is made available
to investors; and
3.5. The updated GID is made available
on the websites of the:-
3.5.1. Stock Exchange(s) where the
shares pursuant to an issue are proposed to be listed; and
3.5.2. The respective Lead Manager(s)
to the issue, where DRHP / RHP / Draft Prospectus / Prospectus is made
available.
4. This circular would become applicable to all RHP / Prospectus
not filed with Registrar of Companies as on the date of this circular.
5. This circular is issued in exercise of the powers conferred
under Section 11 read with Section 11A of the Securities and Exchange Board of
India Act, 1992 read with SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2009.
6. This circular is available on SEBI website at www.sebi.gov.in
under the categories “Legal Framework” and “Issues and Listing”.
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