POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 61 - Terms of non convertible debt securities and non convertible redeemable preference shares.
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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Timely debt servicing and redemption obligations restrict dividend distribution and require pro rata or lot-based security selection Listed entities with non-convertible debt securities and/or non-convertible redeemable preference shares must ensure timely payment of interest, ... Summary
Timely debt servicing and redemption obligations restrict dividend distribution and require pro rata or lot-based security selection
Listed entities with non-convertible debt securities and/or non-convertible redeemable preference shares must ensure timely payment of interest, dividends, and redemption amounts. A listed entity that defaults on interest payment, redemption, or creation of security in accordance with the issue terms must not declare or distribute dividends. Unless the issue terms provide otherwise, listed securities must be selected for redemption on a pro rata basis or by lot. Compliance is also required with applicable transfer and transmission requirements and related procedures specified by the Securities and Exchange Board of India.
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