Commercial paper issuance by listed InvITs allowed subject to banking issuance norms, securities listing requirements and debt-limit compliance. Listed InvITs with the requisite net worth may issue and list commercial paper provided they comply with banking issuance norms and directions governing commercial paper, adhere to securities listing requirements for non-convertible instruments and related circulars, and ensure such issuances remain within the overall debt limit prescribed for InvITs.
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 issuance by listed InvITs allowed subject to banking issuance norms, securities listing requirements and debt-limit compliance.
Listed InvITs with the requisite net worth may issue and list commercial paper provided they comply with banking issuance norms and directions governing commercial paper, adhere to securities listing requirements for non-convertible instruments and related circulars, and ensure such issuances remain within the overall debt limit prescribed for InvITs.
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