Eligibility criteria for non convertible securities: issuers must meet conditions at specified filing stages for issuance and listing. The chapter applies to public issuance of debt securities and non convertible redeemable preference shares and to private placements of non convertible securities. Issuers must meet the regulations' conditions as at the date of filing the draft offer document with the Board or stock exchanges, the date of filing the offer document with the Board or stock exchanges, and the date of filing the offer document with the Registrar of Companies.