Regulation 9 - Eligibility requirements for issue of convertible debt instruments
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part II ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTS
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Eligibility for convertible debt public offers allows issuance without prior equity listing, subject to non default on public debt obligations. An issuer may make an initial public offer of convertible debt instruments without having made a prior public issue or listing of its equity, provided the issuer is not in default of payment of interest or repayment of principal on any public debt instruments for a period exceeding six months.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Eligibility for convertible debt public offers allows issuance without prior equity listing, subject to non default on public debt obligations.
An issuer may make an initial public offer of convertible debt instruments without having made a prior public issue or listing of its equity, provided the issuer is not in default of payment of interest or repayment of principal on any public debt instruments for a period exceeding six months.
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