Disclosures in the draft letter of offer and letter of offer

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..... er of offer and letter of offer shall contain all material disclosures which are true and adequate to enable the applicants to take an informed investment decision. (2) Without prejudice to the generality of sub-regulation (1), the draft letter of offer and letter of offer shall contain disclosures as specified in 2 [ Part B or Part B-1 ] of Schedule VI, as applicable. (3) The lead manage .....

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..... if the issuer or any of its promoters or directors is a 3 [ wilful defaulter or a fraudulent borrower ] . 1 [ (7) In the letter of offer and the abridged letter of offer, the issuer shall disclose the process of credit of rights entitlements in the demat account and renunciation thereof. ] *************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/20 .....

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