Right to recall or redeem debt securities: issuers may offer call or put options subject to disclosure, notice and reporting. Regulation 17A allows issuers to provide call or put rights on publicly issued debt securities subject to terms disclosed in the offer document, including the date from which the right is exercisable, an exercise period of at least three working days, and redemption amount. Rights may be exercised in whole or in part, with issuer partial exercises done proportionately, but not within the first twenty-four months after issue. Issuers must give at least twenty-one days' notice, notify the stock exchange and advertise, pay redemption proceeds and accrued interest within fifteen days after the exercise period, pay delay interest for late payment, and report redemption details to the stock exchange.
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.
Right to recall or redeem debt securities: issuers may offer call or put options subject to disclosure, notice and reporting.
Regulation 17A allows issuers to provide call or put rights on publicly issued debt securities subject to terms disclosed in the offer document, including the date from which the right is exercisable, an exercise period of at least three working days, and redemption amount. Rights may be exercised in whole or in part, with issuer partial exercises done proportionately, but not within the first twenty-four months after issue. Issuers must give at least twenty-one days' notice, notify the stock exchange and advertise, pay redemption proceeds and accrued interest within fifteen days after the exercise period, pay delay interest for late payment, and report redemption details to the stock exchange.
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