Close out mark up: reduced treatment for high grade debentures, with existing mark up retained for other securities. SEBI directs a differential close out mark up: debentures and bonds rated triple A or above are subject to a lower close out mark up while other debentures, bonds and equities remain subject to the existing higher mark up. Exchanges must amend bye laws and notify members and investors, publish the change on their websites, and report implementation status to SEBI, pursuant to powers under section 11(1) of the SEBI Act read with section 10 of the Securities Contracts (Regulation) Act to protect investor interests and regulate the market.
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.
Close out mark up: reduced treatment for high grade debentures, with existing mark up retained for other securities.
SEBI directs a differential close out mark up: debentures and bonds rated triple A or above are subject to a lower close out mark up while other debentures, bonds and equities remain subject to the existing higher mark up. Exchanges must amend bye laws and notify members and investors, publish the change on their websites, and report implementation status to SEBI, pursuant to powers under section 11(1) of the SEBI Act read with section 10 of the Securities Contracts (Regulation) Act to protect investor interests and regulate the market.
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