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<h1>Issuers of non-convertible securities required to set up recovery expense fund per SEBI 2021 regulations.</h1> Issuers of non-convertible securities must establish a recovery expense fund with the designated stock exchange. This requirement is part of the Securities and Exchange Board of India (SEBI) regulations from 2021. The fund must be created by depositing an amount in a form and manner specified by SEBI.