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        SEBI

        Regulation 12 - Redemption.

        Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
        Chapter II
        ISSUE REQUIREMENTS FOR PUBLIC ISSUES

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        Redemption of non-convertible redeemable preference shares must follow offer-document terms, ensuring issuer compliance with issuance conditions. The issuer is required to redeem non-convertible redeemable preference shares in accordance with the offer document, which sets the operative mechanism, timing and conditions of redemption and binds the issuer to those specified terms.
                          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.

                                Redemption of non-convertible redeemable preference shares must follow offer-document terms, ensuring issuer compliance with issuance conditions.

                                The issuer is required to redeem non-convertible redeemable preference shares in accordance with the offer document, which sets the operative mechanism, timing and conditions of redemption and binds the issuer to those specified terms.


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