Describe the compliances under institutional placement programme to be furnished by a Company Secretary.

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2016
Describe the compliances under institutional placement programme to be furnished by a Company Secretary.

Answer & Explanation:

Check list for compliances under Institutional Placement Programme (IPP): Check the certified copy of special resolution passed in the general meeting approving the Institutional Placement Programme and form MGT 14 filed with ROC. Check the issuer has obtained in-principle approval from the stock exchange(s). The issuer has appointed a SEBI registered merchant banker to manage the IPP. Check the copy of the due diligence certificate submitted to SEBI with respect to the IPP. Check that in case of oversubscription allotment of not more than ten percent of the offer size has been made by the eligible seller.

Topics: Capital Market Instruments

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