OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS NON-CONVERTIBLE SECURITIES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS NON-CONVERTIBLE SECURITIES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter V OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS NON-CONVERTIBLE SECURITIES
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Security cover requirement mandates full collateral for secured listed non-convertible debt securities and ongoing disclosure obligations. Listed entities issuing secured non-convertible debt securities must maintain one hundred per cent security cover or higher as per the offer document, ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Security cover requirement mandates full collateral for secured listed non-convertible debt securities and ongoing disclosure obligations.
Listed entities issuing secured non-convertible debt securities must maintain one hundred per cent security cover or higher as per the offer document, information memorandum or debenture trust deed, sufficient at all times to discharge principal and interest. Entities must disclose the extent and nature of such security in quarterly, half-yearly, year-to-date and annual financial statements and disclose the available security cover with financial results in the format specified by the Board.
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