Wadhwani Enterprises Limited, an unlisted company, has decided to bring an initial public offer and filed a draft offer document with SEBI. The company is not able to correctly interpret a circular issued by SEBI. The ma

The following persons may make a request for informal Guidance under the SEBI (Informal Guidance) Scheme, 2003: Any intermediary registered with the SEBI; Any listed company; Any company which intends to get any of its securities listed and which has filed either a listing application with any stock exchange or a draft offer document with the SEBI or the Central Listing authority; Any mutual fund trustee company or asset management company; Any acquirer or prospective acquirer under the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997. [Now the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011] In the given case, since Wadhwani Enterprises Limited is an unlisted company and filed draft offer document with SEBI, therefore, it can apply to SEBI under informal guidance scheme.