LISTING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
LISTING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
Regulation 23 - Applicability to other instruments.
Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013 Chapter VI ISSUANCE AND LISTING OF NON-EQUITY REGULATORY CAPITAL INSTRUMENTS BY BANKS
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Issuance of perpetual bank capital instruments restricted to banks; requires prior central bank approval and mandated disclosures. The regulations apply to issuance and listing of Perpetual Non Cumulative Preference Shares and Innovative Perpetual Debt Instruments only when issued by ... Summary
Issuance of perpetual bank capital instruments restricted to banks; requires prior central bank approval and mandated disclosures.
The regulations apply to issuance and listing of Perpetual Non Cumulative Preference Shares and Innovative Perpetual Debt Instruments only when issued by banks; non banks are prohibited from issuing them. Banks may issue these instruments subject to prior approval and compliance with Reserve Bank of India Guidelines, Companies Act obligations where applicable, any Board specified terms, adequate offer document disclosure of features and risks, and relevant listing requirements.
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