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 )
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Part B ADDITIONAL PROVISIONS FOR LISTING OF DEBT SECURITIES ISSUED ON PRIVATE PLACEMENT BASIS
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Consolidation and re-issuance of debt securities requires AOA compatibility, fresh credit rating and placement memorandum disclosure. Consolidation and re-issuance of privately placed debt securities is permitted provided the issuer's Articles of Association do not prohibit it, the ... Summary
Consolidation and re-issuance of debt securities requires AOA compatibility, fresh credit rating and placement memorandum disclosure.
Consolidation and re-issuance of privately placed debt securities is permitted provided the issuer's Articles of Association do not prohibit it, the issuer obtains and discloses a fresh credit rating for each re-issuance from a Board-registered rating agency, such ratings are periodically reviewed and any changes disclosed, and appropriate disclosures regarding consolidation and re-issuance are included in the placement memorandum.
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