SEBI unveils modalities for filing of ‘Placement Memorandum’ through Merchant Banker

The market regulator, SEBI has come out with modalities for filing of placement memorandum through Merchant Banker. The Merchant Banker shall independently exercise due diligence of all the disclosures in the placement memorandum, satisfy itself with respect to veracity and adequacy of disclosures and provide a due diligence certificate. However, this circular shall come into effect from November 11, 2021The market regulator, SEBI has come out with modalities for filing of placement memorandum through Merchant Banker. The Merchant Banker shall independently exercise due diligence of all the disclosures in the placement memorandum, satisfy itself with respect to veracity and adequacy of disclosures and provide a due diligence certificate. However, this circular shall come into effect from November 11, 2021taxmann.com Latest Statutory HappeningsRead More

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