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In a game-changing move, markets regulator Sebi has notified a five-sheet abridged prospectus that companies need to file for public offers — a step aimed at making it easier for investors to understand key points.
Under the new norms that come into effect from December 1, the abridged prospectus including the application form can’t exceed five sheets that would be printed on both sides, a maximum of 10 pages.
Currently, the full prospectus that companies file for their public offers including IPOs runs into 400-500 pages and it has often been felt that the investors find it difficult to get the key information from such bulky documents.
For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
Under the new norms that come into effect from December 1, the abridged prospectus including the application form can’t exceed five sheets that would be printed on both sides, a maximum of 10 pages.
Currently, the full prospectus that companies file for their public offers including IPOs runs into 400-500 pages and it has often been felt that the investors find it difficult to get the key information from such bulky documents.
For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
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