The capital market regulator has sought public feedback on the identical by April 9.
At the moment, corporations who plan to lift capital via a public difficulty are required to file a draft pink herring prospectus with the market regulator with an in depth illustration of all of the required info that may enable buyers to make knowledgeable selections earlier than investing in an organization’s shares.
“It’s proposed that the disclosures made within the DRHP and RHP of public points shall even be made obtainable in Audiovisual (AV) format by the issuer corporations needing to record on the primary board,” Sebi stated.
Additional, the audiovisuals on the general public points will probably be in bilingual model i.e. English and Hindi, and made obtainable within the public area. The length of every bilingual model of the audiovisual shall be a most of 8 minutes.
The entire length needs to be equitably distributed among the many materials disclosures made beneath varied sections of the general public difficulty provide paperwork akin to danger elements, capital construction, objects of the provide, enterprise of the issuer, monetary info, litigations and materials developments and many others. Sebi believes that the AV will present ease in understanding the salient options and likewise present reference to varied disclosures of the proposed public difficulty.(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)