SEBI/HO/CFD/CFD -TPD -1/P/CIR/2024/170

SEBI/HO/CFD/CFD -TPD -1/P/CIR/2024/170 To , Recognized Stock Exchanges Registered Merchant Bankers Association of Investment Bankers of India Madam/ Sir, Sub: Repository of documents relied upon by Merchant Bankers during due diligence process in Public issues In terms of Regulation 14 of SEBI (Merchant Bankers) Regulations, 1992, Merchant bankers are required to maintain the records and documents pertaining to due diligence exercised in both pre-issue and post-issue activities of issue management. Further, in terms of Regulation 16 of SEBI (Merchant Bankers) Regulations, 1992 , Merchant bankers are required to preserve the said records and documents for a minimum period of five years. In order to facilitate efficient maintenance of records and documents relied upon by merchant bankers while conducting their due diligence in public issues, stock exchanges have set up an online Document Repository platform which would enable Merchant bankers to upload and maintain the aforesaid documents electronically . The Document Repository platform is intended to facilitate easier access to documents pertaining to public issue process which are required to be maintained by Merchant bankers. To enable efficient maintenance of records , Merchant bankers are advised to upload such records and documents on the Document Repository platform set up by the Stock Exchanges. Merchant bankers shall upload the documents in the Document Repository platform of any of the stock exchanges and intimate the same to the other stock exchange(s) where the securities of the issuer company are proposed to be listed , as applicable . Stock Exchanges have been advised to inform Merchant bankers on the indicative list of documents to be uploaded which has been prepared in consultation with Association of Inv

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