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SEBI decentralises IPO document filing

Category: Financial Services,  News Source: The Hindu Business Line,  Updated-On: May 4 2012

 

 

Stock market regulator Securities and Exchange Board of India has decentralised the process of filing offer documents with effect from May 14.

For an issue size of up to Rs 500 crore, companies would be required to file offer documents with the respective regional office of SEBI.

That is, companies in the eastern region have to file their offer documents with SEBI's Kolkata office.

For issue sizes greater than Rs 500 crore, companies have to file their prospectus with SEBI's head office in Mumbai.

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