Merchant bankers shall upload the documents in the Document Repository platform of any of the stock exchanges and intimate the same to the other stock exchange(s) where the securities of the issuer company are proposed to be listed, as applicable.
Stock Exchanges have been advised to inform Merchant bankers on the indicative list of documents to be uploaded which has been prepared in consultation with Association of Investment Bankers of India (AIBI) and the process of uploading the documents in the Document Repository platform.
Merchant bankers shall adhere to the following timelines for uploading documents in the Document Repository platform of the Stock Exchanges: From January 01, 2025: – Within 20 days of filing draft offer document with SEBI/ Stock Exchanges. Within 20 days from the date of listing on Stock Exchanges.
From April 01, 2025 onwards: Within 10 days of filing draft offer document with SEBI/ Stock Exchanges. Within 10 days from the date of listing on Stock Exchanges.
The documents shall be uploaded and maintained by Merchant Bankers in the Document Repository platform through their individual login credentials which shall be accessible to the respective Merchant bankers only. However, Merchant bankers shall make such documents available for the purpose of supervisory functions of SEBI.
Further, Merchant bankers shall ensure that the documents uploaded in the Document Repository platform are relevant, complete and legible.
The provisions of this circular shall be applicable for the draft offer documents filed on or after January 01, 2025 with SEBI/Stock exchanges for listing on Mainboard/ SME exchanges.
Link – https://www.sebi.gov.in/legal/circulars/dec-2024/repository-of-documents-relied-upon-by-merchant-bankers-during-due-diligence-process-in-public-issues_89321.html
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