Regulation 38D - Conditions for Listing of Security Receipts
Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter VIIA ISSUANCE AND LISTING OF SECURITY RECEIPTS ELIGIBILITY
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Listing of security receipts requires private placement issuance, compliance with applicable law, dematerialisation, specified offer disclosures, restricted offer size, minimum allotment standards to qualified buyers, an independent valuation within a defined recent period, and a credit rating from a registered agency; issuers must also comply with the Board's listing and disclosure obligations.
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