(1) The issuer and lead merchant banker shall ensure that:
(a) every application form issued by the issuer is accompanied by a copy of the abridged prospectus;
(b) the abridged prospectus shall not contain matters which are extraneous to the contents of the prospectus;
(c) adequate space shall be provided in the application form to enable the investors to fill in various details like name, address, etc.
(2) The issuer may provide the facility for subscription of application in electronic mode.
Electronic Issuances
10. An issuer proposing to issue debt securities to the public through the on-line system of the designated stock exchange shall comply with the relevant applicable requirements as may be specified by the Board.
Price Discovery through Book Building
11. The issuer may determine the price of debt securities in consultation with the lead merchant banker and the issue may be at fixed price or the price may be determined through book building process in accordance with the procedure as may be specified by the Board.
Minimum subscription.