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of <h1>SEBI mandates Actual/Actual day count for non-convertible securities; payments due on non-working days follow specific guidelines.</h1> The Securities and Exchange Board of India (SEBI) regulations for non-convertible securities stipulate that interest or dividend payments must follow the Actual/Actual day count convention. Payments by the issuer are required to be made on working days. If a payment due date falls on a non-working day, the payment must be made as specified by SEBI.
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