Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Entities with non-convertible securities must ensure timely payments and comply with regulation 40 for transfers and transmissions.</h1> Listed entities with non-convertible debt securities or non-convertible redeemable preference shares must ensure timely payment of interest, dividends, or redemption payments. They cannot declare dividends if they default on these payments or fail to create security as per the issue terms. Redemption of listed securities must occur on a pro rata basis or by lot unless otherwise specified. Entities must also adhere to regulation 40 for the transfer and transmission of securities, following procedural requirements outlined in Schedule VII.
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