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The circular modifies the timeline for issuers of listed commercial paper to submit a certificate confirming fulfillment of payment obligations to stock exchanges. Previously, the timeline was within two days of payment becoming due as per the NCS Master Circular. To align with Regulation 57 of LODR Regulations for non-convertible securities, the timeline is amended to within one working day of payment becoming due. This change aims to protect investor interests and regulate the securities market under SEBI's powers.
The circular modifies the timeline for issuers of listed commercial paper to submit a certificate confirming fulfillment of payment obligations to stock exchanges. Previously, the timeline was within two days of payment becoming due as per the NCS Master Circular. To align with Regulation 57 of LODR Regulations for non-convertible securities, the timeline is amended to within one working day of payment becoming due. This change aims to protect investor interests and regulate the securities market under SEBI's powers.
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