Commercial Paper listing disclosures require issuers and exchanges to file application-level and continuous reporting, monitoring and compliance. A regulatory framework requires issuers to submit specified Annexure I disclosures with listing applications for Commercial Paper, which exchanges must publish upon approval, and mandates ongoing Annexure II disclosures during the CP tenure. Annexure I covers issuer, governance, top holders, auditor changes, past defaults, material litigation, detailed borrowings, tranche particulars, end-use and credit support; Annexure II requires periodic financial reporting, 24 hour disclosure of material events including defaults and credit rating revisions, ALM statements for NBFCs/HFCs, and quarterly CEO/CFO certification on use of proceeds and compliance.
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.
Commercial Paper listing disclosures require issuers and exchanges to file application-level and continuous reporting, monitoring and compliance.
A regulatory framework requires issuers to submit specified Annexure I disclosures with listing applications for Commercial Paper, which exchanges must publish upon approval, and mandates ongoing Annexure II disclosures during the CP tenure. Annexure I covers issuer, governance, top holders, auditor changes, past defaults, material litigation, detailed borrowings, tranche particulars, end-use and credit support; Annexure II requires periodic financial reporting, 24 hour disclosure of material events including defaults and credit rating revisions, ALM statements for NBFCs/HFCs, and quarterly CEO/CFO certification on use of proceeds and compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
