Liquidity Window facility via issuer put options enhances secondary market liquidity by enabling periodic investor redemptions. Issuers may optionally offer a Liquidity Window allowing investors to exercise put options for early redemption on pre specified dates or intervals after one year from issuance; the facility requires board approval and oversight, must be nondiscriminatory, be made available to demat holding eligible investors (all or retail only), and have a disclosed aggregate limit and possible per window sub limits with proportionate acceptance when limits are exceeded. Operational, valuation, settlement, reporting and disclosure procedures are prescribed, and issuers may resell or extinguish purchased securities within specified timelines.
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Liquidity Window facility via issuer put options enhances secondary market liquidity by enabling periodic investor redemptions.
Issuers may optionally offer a Liquidity Window allowing investors to exercise put options for early redemption on pre specified dates or intervals after one year from issuance; the facility requires board approval and oversight, must be nondiscriminatory, be made available to demat holding eligible investors (all or retail only), and have a disclosed aggregate limit and possible per window sub limits with proportionate acceptance when limits are exceeded. Operational, valuation, settlement, reporting and disclosure procedures are prescribed, and issuers may resell or extinguish purchased securities within specified timelines.
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