Sebi asks merchant bankers to upload IPO documents on exchange's repository platform
Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials.
However, such documents must be available for the purpose of supervisory functions of Sebi, the regulator said in a circular.
The regulator said that uploaded documents must be relevant, complete and legible.
Stock exchanges have launched an online platform, repository, where merchant bankers can electronically upload and maintain due diligence documents related to public issues. The platform facilitates easier access and efficient record management.
«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 exchange,» Sebi said.
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