Chapter III - PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES
Part A - PROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES (From Regulation 25 to Regulation 38)
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Chapter II GENERAL CONDITIONS AND ELIGIBILITY CRITERIA
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Day count convention Actual/Actual governs interest and dividend calculation; payments must occur on working days or follow Board directions. Day count convention for non-convertible securities is Actual/Actual for calculating interest and dividend payments. All issuer payments must be made on a working day. If a payment due date falls on a non-working day, the payment shall be made in the manner specified by the Board.
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.
Day count convention Actual/Actual governs interest and dividend calculation; payments must occur on working days or follow Board directions.
Day count convention for non-convertible securities is Actual/Actual for calculating interest and dividend payments. All issuer payments must be made on a working day. If a payment due date falls on a non-working day, the payment shall be made in the manner specified by the Board.
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