You are the Company Secretary of M/s Fair Ventures Limited which is a Public Unlisted Company. M/s Fair Ventures Limited is undergoing a high growth phase and it requires funds for financing the growth opportunities avai

CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · June 2023
You are the Company Secretary of M/s Fair Ventures Limited which is a Public Unlisted Company. M/s Fair Ventures Limited is undergoing a high growth phase and it requires funds for financing the growth opportunities available to it. The company has been weighing various options of raising funds and one of the options is to raise the funds through the public issue of its shares. The managing director of M/s Fair Ventures Limited asked you to list down the important documents which the company would be needed for going ahead with the public issue. In view of above, mention at least 10 documents which would be needed for public issue.

Answer & Explanation:

Material Documents which would be required for the IPO Certified copies of the updated Memorandum of Association and Articles of Association of Company, as amended from time to time. Certificate of Incorporation of Company. Certificate of commencement of business. Copies of the Board and shareholder's resolutions authorizing the Issue. Report of the Statutory Auditors/Peer Review Auditor on Company's Restated Financial Statements (Standalone) for past 3 financial years and stub period not older than 6 months from the date of filing & opening of IPO. Report of the Peer Review Auditor on Company's Restated Financial Statements (Consolidated) for past 3 financial years and stub period not older than 6 months from the date of filing & opening of IPO. Statement of Tax Benefits from Chartered Accountants. Copies of annual reports of Company for the past three Financial Years. Consents of Statutory Auditors, Peer Review Auditors, Bankers to Company, Merchant Banker, Registrar to the Issue, Legal Advisor to the Issue, Directors of Company, Company Secretary and Compliance Officer, as referred to, in their respective capacities. In-principle approval from the Stock Exchanges for listing of the securities. Due Diligence certificate to SEBI from the Merchant Banker. Observation Letter issued by the Securities and Exchange Board of India and reply to the observation by Merchant Banker.

Topics: Public Issue Process

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