Regulation 38C - Sale of security receipts by the existing holders
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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Sale of security receipts allowed only after issuer lists the receipts and holder maintains a minimum holding requirement. Regulation 38C permits existing holders to sell whole or part of their security receipts to qualified buyers on a private placement basis only where the ... Summary
Sale of security receipts allowed only after issuer lists the receipts and holder maintains a minimum holding requirement.
Regulation 38C permits existing holders to sell whole or part of their security receipts to qualified buyers on a private placement basis only where the issuer compulsorily lists the security receipts before complying with the chapter and where the sale is permitted only if the holder retains a prescribed minimum holding of outstanding security receipts.
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