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ARTICLE · 20 DECEMBER 2024

SEBI Update: Document Repository For Promoting Due Diligence

Mansukhlal Hiralal & Company
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SEBI vide a circular dated 5 December 2024 has directed the Stock Exchanges to set up an Online Repository Platform for the Merchant Bankers to facilitate easier access to documents in the course of their Due Diligence exercise ...

IndiaCorporate/Commercial Law
Bhushan Shah
Bhushan Shah
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SEBI vide a circular dated 5 December 2024 ( Circular) has directed the Stock Exchanges (Exchanges) to set up an Online Repository Platform (Repository) for the Merchant Bankers ("MBs") to facilitate easier access to documents in the course of their Due Diligence exercise in the public issue process.

Key Update:

The Exchanges are now required to maintain a Repository for the MBs to upload their documents electronically. The MBs shall then upload the documents on this Repository for efficient management of records.

The MBs are required to upload their documents on the Repository of any of the Exchanges. Further, the MBs shall also intimate the same to the other Exchanges where the securities of the issuer company are proposed to be listed.

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