The Securities and Exchange Board of India on 23rd November 2021 has directed the merchant bankers to disclose on their websites the data related to the Charter of Investors and complaints received.
SEBI has listed the following categories for which investor authorization letter needs to be made public:
- Initial Public Offer (IPO) and Further Public Offer (FPO)including Offer for Sale (OFS);
- Rights Issue
- Qualified Institutions Placement(QIP)
- Preferential Issue;
- SME IPO and FPO including OFS
- Buybackof Securities
- Delisting of Equity Shares;
- Substantial Acquisitions of Shares and Takeovers
Further, the Merchant Bankers shall disclose on their respective websites, the data on complaints received against them or against issues dealt by them and redressal thereof, on each of the afore said categories separately as well as collectively, latest by 7th of succeeding month, as per the notified format.
The circular shall come into force from 1st January 2022.
