Chapter IV - OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES (From Regulation 15 to Regulation 48)
Chapter VA - CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES (From Regulation 62B to Regulation 62Q)
Chapter VI - OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTH (From Regulation 63 to Regulation 64)
Chapter VIA - FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING (From Regulation 64A to Regulation 64I)
Regulation 61A - Dealing with unclaimed non-convertible securities and benefits accrued thereon
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter V OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS NON-CONVERTIBLE SECURITIES
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Unclaimed non convertible securities: funds must be escrowed and ultimately transferred to an investor protection fund after seven years. Listed entities shall not forfeit unclaimed interest, dividend or redemption amounts on non convertible securities. If unpaid thirty days after the due date, such amounts must be moved to an escrow account within seven days (with transitional treatment for amounts outstanding for under seven years). Any escrowed amount unclaimed for seven years must be transferred to an Investor Protection and Education Fund (via Companies Act procedures for companies or the Board's fund for non company entities) and such transferred amounts shall not bear interest; the Board will specify claim procedures.
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.
Unclaimed non convertible securities: funds must be escrowed and ultimately transferred to an investor protection fund after seven years.
Listed entities shall not forfeit unclaimed interest, dividend or redemption amounts on non convertible securities. If unpaid thirty days after the due date, such amounts must be moved to an escrow account within seven days (with transitional treatment for amounts outstanding for under seven years). Any escrowed amount unclaimed for seven years must be transferred to an Investor Protection and Education Fund (via Companies Act procedures for companies or the Board's fund for non company entities) and such transferred amounts shall not bear interest; the Board will specify claim procedures.
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