COMPLAINTS / PUBLIC COMMENTS ON OFFER DOCUMENTS FILLED WITH SEBI

It has been observed that in respect of any complaints/ comments received by SEBI, the issuer company is responding to the complaint and lead manager merely forwards a copy of reply to the complainant without adding any comments. As per the latest instructions by SEBI for the merchant bankers, Lead Managers have to reply directly to the complainant after independently examination of the matter instead of merely acting as an intermediary between the complainant and the respondent (issuer company). In case of complain regarding inadequate disclosures in the offer document, merchant bankers shall provide for adequate disclosures and inform SEBI at the earliest.