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)
Regulation 35 - Allotment of securities and payment of interest
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Part A PROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES
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Allotment timeline compliance required, with failure to allot or unblock funds triggering mandatory interest compensation to investors. Issuance of publicly offered debt securities and non-convertible redeemable preference shares requires allotment within the timeline specified by the Board; if allotment is not completed or application monies are not unblocked within that period, the issuer must pay interest to affected investors at the rate prescribed by the regulation.
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.
Allotment timeline compliance required, with failure to allot or unblock funds triggering mandatory interest compensation to investors.
Issuance of publicly offered debt securities and non-convertible redeemable preference shares requires allotment within the timeline specified by the Board; if allotment is not completed or application monies are not unblocked within that period, the issuer must pay interest to affected investors at the rate prescribed by the regulation.
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