Right to recall or redeem: issuers may offer call or put rights on debt securities with prescribed disclosure and procedures. Introduces a statutory right to recall (call) or redeem (put) debt securities prior to maturity, subject to offer-document disclosure of exercisability date, minimum exercise period, redemption amount, allowance for full or partial exercise with issuer partial exercises done proportionately, a minimum two-year lock-in, at least twenty one days' notice to holders and stock exchange notification and advertisement, payment of redemption proceeds and interest within fifteen days of the exercise window close with specified interest for delay, and a post-exercise report to the stock exchange; retail investor defined by face value threshold.
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.
Right to recall or redeem: issuers may offer call or put rights on debt securities with prescribed disclosure and procedures.
Introduces a statutory right to recall (call) or redeem (put) debt securities prior to maturity, subject to offer-document disclosure of exercisability date, minimum exercise period, redemption amount, allowance for full or partial exercise with issuer partial exercises done proportionately, a minimum two-year lock-in, at least twenty one days' notice to holders and stock exchange notification and advertisement, payment of redemption proceeds and interest within fifteen days of the exercise window close with specified interest for delay, and a post-exercise report to the stock exchange; retail investor defined by face value threshold.
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