EDs/Consultation papers

Updates from SEBI

Draft circular - Audiovisual representation of disclosures made in the public issue offer documents

Companies raising capital through public issues are required to file a Draft Red Herring Prospectus (DRHP) with the SEBI and stock exchange(s). The disclosures in DRHP are appropriately updated, in line with the observations highlighted by SEBI and stock exchange(s) and thereafter the Red Herring Prospectus (RHP) is filed by the companies.

SEBI, vide a draft circular dated 19 March 2024 has proposed that the disclosures made in DRHP and RHP of public issues should also be made available in Audiovisual (AV) format by the issuer companies. Further, the AV needs to be in bilingual version, i.e., English and Hindi and made available in public domain.

The comment period ended on 9 April 2024.

To access the text of the draft circular, please click here