TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Private placement of listed debt securities allowed at Rs 10,000 face value, including zero-coupon fixed-maturity instruments under Clause 1.3.</h1> Clause 1.3 of Chapter V of the SEBI NCS Master Circular is modified to permit issuance, on a private placement basis, of debt securities at a reduced face value of Rs. 10,000 even where the instrument is a zero coupon debt security, provided it has a fixed maturity and carries no structured obligations. This relaxes the earlier condition that such reduced-denomination issuances must be interest/dividend-bearing with periodic coupon/dividend payments, thereby extending reduced-denomination eligibility to both interest-bearing and zero-interest-bearing debt securities. The modification applies to all privately placed debt securities proposed to be listed from the date of the circular, while other provisions of the NCS Master Circular remain unchanged.
TaxTMI 
TaxTMI 
