Draft public offer documents for any issue size of Rs 50 crore or less are to be filed with the regional SEBI offices assigned to States and Union Territories, the markets regulator said in a circular on Tuesday. For public issues exceeding Rs 50 crore, the offer documents are to be filed with the SEBI headquarters in Mumbai. SEBI has regional offices in New Delhi, Kolkata, Chennai, Mumbai and Ahmedabad.
SEBI has directed mutual funds to submit a Statement of Additional Information (SAI) along with the Scheme Information Document (SID) for display on its Web site. SAI contains all statutory information on the mutual fund.
Mutual funds have also been directed to submit these documents for display on the Association of Mutual Funds in India (AMFI) Web site.
In case of material change in the SID or SAI, the updated documents to be filed with SEBI within seven days, SEBI said.