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<h1>New Framework for Listing Commercial Papers on Stock Exchanges: Enhancing Transparency and Investor Protection Under SEBI Guidelines.</h1> The circular outlines the framework for listing Commercial Papers (CPs) on stock exchanges to enhance investor participation and ensure investor protection. Issuers must submit applications with specified disclosures, which will be made public upon approval. Continuous disclosure obligations are mandated during the CP's tenure. Stock exchanges must establish monitoring systems and impose fines for non-compliance. Non-compliance may also result in action under the Securities and Exchange Board of India Act, 1992. The circular details requirements for issuer information, financial disclosures, and material events, aiming to maintain transparency and accountability in the CP market.