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 38 - Other Obligations of the Lead Manager
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Part A PROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES
Contents
Notifications
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
Security cover requirement: lead managers must ensure adequate security cover and additional interest obligations for listed debt issues. Lead managers must not employ any device, scheme or artifice to defraud in connection with issuance or listing of debt securities and non-convertible ... Summary
Security cover requirement: lead managers must ensure adequate security cover and additional interest obligations for listed debt issues.
Lead managers must not employ any device, scheme or artifice to defraud in connection with issuance or listing of debt securities and non-convertible redeemable preference shares. They must ensure secured debt securities have hundred percent security cover or higher as per the offer document and/or Debenture Trust Deed, adequate to discharge principal and interest at all times. Lead managers must also ensure payment of additional interest by the issuer in case of non-allotment, and verify compliance with offer-document and trust-deed terms.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.