Threshold change for high-value debt listed entities alters governance and disclosure obligations under listing regulations. The amendment increases the threshold for classification as a high-value debt listed entity and revises transitional applicability; mandates crediting investor service requests for subdivision, split, consolidation, renewal, exchanges and duplicate securities in dematerialised form within thirty days; requires transfers and transmissions only in dematerialised form with limited grandfathering for specified physical transfers; directs unclaimed escrow amounts to prescribed investor protection funds without interest; centralises periodic corporate governance compliance reporting for HVDLEs; and modifies board appointment, vacancy-filling, meeting frequency, related party transaction carve-outs, subsidiary measurement and secretarial audit annexure requirements.
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Threshold change for high-value debt listed entities alters governance and disclosure obligations under listing regulations.
The amendment increases the threshold for classification as a high-value debt listed entity and revises transitional applicability; mandates crediting investor service requests for subdivision, split, consolidation, renewal, exchanges and duplicate securities in dematerialised form within thirty days; requires transfers and transmissions only in dematerialised form with limited grandfathering for specified physical transfers; directs unclaimed escrow amounts to prescribed investor protection funds without interest; centralises periodic corporate governance compliance reporting for HVDLEs; and modifies board appointment, vacancy-filling, meeting frequency, related party transaction carve-outs, subsidiary measurement and secretarial audit annexure requirements.
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