Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter VII LISTING OF SECURITISED DEBT INSTRUMENTS
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Security deposit rule for securitised debt listings removed; prior requirement mandated issuer deposit with stock exchange before subscription. Regulation 35B required issuers of securitised debt instruments to deposit a security deposit with the stock exchange(s) before opening the subscription ... Summary
Security deposit rule for securitised debt listings removed; prior requirement mandated issuer deposit with stock exchange before subscription.
Regulation 35B required issuers of securitised debt instruments to deposit a security deposit with the stock exchange(s) before opening the subscription list, calculated at one per cent of the securities offered; the deposit's manner of payment and its refundability or forfeiture were to be governed by the Board and/or the stock exchange(s). The provision was later omitted by a subsequent notification, removing that specific deposit obligation.
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