OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS INDIAN DEPOSITORY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS INDIAN DEPOSITORY RECEIPTS - 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 VA CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES
Contents
Notifications
Acts
Rules & Regulations
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Related party transactions by high value debt issuers require debenture trustee and debenture holder no objection before shareholder approval. Regulation 62K requires HVDLEs to obtain a prior No Objection Certificate from the Debenture Trustee for all material related party transactions and ... Summary
Related party transactions by high value debt issuers require debenture trustee and debenture holder no objection before shareholder approval.
Regulation 62K requires HVDLEs to obtain a prior No Objection Certificate from the Debenture Trustee for all material related party transactions and material modifications; the Debenture Trustee must in turn obtain NOC from non related debenture holders holding more than fifty percent by value via voting including e voting. After debenture holder approval, shareholder approval by resolution is required; if the Debenture Trustee withholds NOC the matter cannot proceed. The regulation applies to transactions on or after April 1, 2025, with specified exemptions and disclosure obligations to stock exchanges and on the HVDLE's website.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.