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<h1>Continuous disclosure obligations consolidated into a Master Circular prescribing formats, timelines and enforcement for listed debt issuers.</h1> Master Circular consolidates SEBI continuous disclosure obligations for issuers of listed Non Convertible Securities, Securitized Debt Instruments and Commercial Paper, prescribing standardised formats and timelines for financial results, limited review/audit reports, statements on utilisation and deviations of issue proceeds, default disclosures, securitization pool/tranche/loan level reports, rating review submissions, corporate governance and related party transaction reporting, scheme of arrangement pre filing and post sanction requirements, and a uniform enforcement and fine structure, effective from August 1, 2022.