Chapter IIIPUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES
Part APROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES (From Regulation 25 to Regulation 38 )
Regulation 21 - Trading of Non-Convertible Securities
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Chapter II GENERAL CONDITIONS AND ELIGIBILITY CRITERIA
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Clearing and settlement requirement: trades in non convertible securities must use exchange clearing corporations; OTC trades require reporting. Trades in listed non convertible securities must be cleared and settled through the clearing corporation(s) of the stock exchange(s), subject to ... Summary
Clearing and settlement requirement: trades in non convertible securities must use exchange clearing corporations; OTC trades require reporting.
Trades in listed non convertible securities must be cleared and settled through the clearing corporation(s) of the stock exchange(s), subject to conditions the Board may specify. OTC trades in non convertible securities must be reported on a reporting platform of a recognized stock exchange with a nationwide trading terminal, or on another platform specified by the Board, which may also prescribe conditions for such reporting.
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