PROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES - Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021
PROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES - Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021
Listing application requirements: documentary filings and mandatory due diligence certificate before listing of privately placed debt securities. Regulation 44 requires issuers seeking listing of privately placed debt securities and non-convertible redeemable preference shares to submit a listing ... Summary
Listing application requirements: documentary filings and mandatory due diligence certificate before listing of privately placed debt securities.
Regulation 44 requires issuers seeking listing of privately placed debt securities and non-convertible redeemable preference shares to submit a listing application with specified documents (Placement Memorandum, constitutional documents, board resolutions, annual reports, material contracts statement, and undertakings on charge creation and Trust Deed execution) within the Board-prescribed timeframe; delays trigger additional interest/dividend. Debenture trustees must furnish a due diligence certificate in prescribed formats for secured and unsecured issues, the stock exchange shall publish the placement memorandum and due diligence certificates, and listing is permitted only after receipt of the due diligence certificate.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.