PROCEDURE FOR ACTION IN CASE OF VIOLATION OF REGULATIONSSecurities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
PROCEDURE FOR ACTION IN CASE OF VIOLATION OF REGULATIONSSecurities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
Creation of security: issuers must disclose that charged assets are unencumbered or consent exists for pari passu charges. Regulation 21B requires the issuer to undertake in the Information Memorandum that assets on which a charge is created are free from encumbrances, or ... Summary
Creation of security: issuers must disclose that charged assets are unencumbered or consent exists for pari passu charges.
Regulation 21B requires the issuer to undertake in the Information Memorandum that assets on which a charge is created are free from encumbrances, or where assets are already charged the issuer has obtained the earlier creditor's permission or consent to create a pari passu or subsequent charge.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.