COMPANIES NOT CLEARING SEBI
IPO OBSERVATIONS AND SEBI OFFICIAL
KEEP SILENT
Mumbai: SEBI officials hiding the observation givens on various companies in past to protect their collar. After getting exposed in ICICI Prudential Life observation issue now they do not want to share vital information in public interest to public.As ICICI Prudential Life Merchant bankers did not cleared the observation objection and launched IPO without SEBI final observation in past. In SEBI Observation teams is of CGM Jayanta Jash and ED PK Nagpal (Chief General Manager, Shri. Jayanta Jash (jayantaj@sebi.gov.in) or the Executive Director, Shri P K Nagpal (nagpal@sebi.gov.in))
http://www.sebi.gov.in/Processingdraft.html
http://www.sebi.gov.in/Processingobservations.html
As the aforesaid link clearly reflect the SEBI observation is mandatory as per law ,but they deny to share observation copy of different companies.
SEBI deny of "NO COMPLAINT CERTIFICATE" in RTI Reply
FACT:
SECURITIES AND EXCHANGE BOARD OF INDIA
(DISCLOSURE AND INVESTOR PROTECTION) GUIDELINES, 2000)
Section 5.8 No Complaints Certificate
5.8.1 After a period of (21 days)) from the date the draft offer document
was made public, the Lead Merchant Banker shall file a statement with
the Board:
i) giving a list of complaints received by it;
ii) a statement by it whether it is proposed to amend the draft offer
document or not, and;
iii) highlight those amendments.
Section 2.1 Filing of offer document
2.1.1 31(No issuer company shall make any public issue of securities, unless a
draft Prospectus has been filed with the Board through a Merchant
Banker, at least 30 days prior to the filing of the Prospectus with the
Registrar of Companies (ROC):
Provided that if the Board specifies changes or issues observations
on the draft Prospectus (without being under any obligation to do so),
the issuer company or the Lead Manager to the Issue shall carry out
such changes in the draft Prospectus or comply with the observations
issued by the Board before filing the Prospectus with ROC.
Provided further that the period within which the Board may specify
changes or issue observations, if any, on the draft Prospectus shall be
30 days from the date of receipt of the draft Prospectus by the Board.
Provided further that where the Board has sought any clarification or
additional information from the Lead Manager/s to the Issue, the period
within which the Board may specify changes or issue observations, if
any, on the draft Prospectus shall be 15 days from the date of receipt
of satisfactory reply from the Lead Manager/s to the Issue.
Provided further that where the Board has made any reference to or
sought any clarification or additional information from any regulator or
such other agencies, the Board may specify changes or issue
observations, if any, on the draft Prospectus after receipt of comments
or reply from such regulator or other agencies.
Provided further that the Board may specify changes or issue
observations, if any, on the draft Prospectus only after receipt of copy
of in-principle approval from all the stock exchanges on which the
issuer company intends to list the securities proposed to be offered
through the Prospectus.)
Final Status of SEBIH/R/2017/50003
Applicant Name
|
Sapan Shrivastava
|
Date of receipt
|
04/01/2017
|
Request Filed With
|
Securities and
Exchange Board of India (SEBI), Head Office
|
Text of Application
|
SEBI issued IPO
observation for different companies BSE Limited, Shankara Building Products
Limited, G R Infraprojects Limited, Continental Warehousing Corporation
(Navha Seva) Limited and L & T Technology Services Limited. Information
required about these companies IPO/Any
RTI Question: 1. Copy of SEBI observation issued to aforesaid companies. 2. Copy Of Reply by aforesaid companies on SEBI Observation 3. Copy of Final clearance by SEBI to aforesaid companies without any objection. 4. Copy Of No Complaint Certificate of aforesaid companies. |
Request
document (if any)
|
|
Status
|
RTI REQUEST RECEIVED as on 04/01/2017
|
