https://www.taxtmi.com/circulars?id=57811 The circular mandates use of an Electronic Book Mechanism for private placements of debt securities and NCRPS meeting specified thresholds and permits voluntary use for other debt instruments. Recognised stock exchanges acting as Electronic Book Providers (EBPs) must offer an anonymous, on-line bidding platform, maintain audit trails and IT resilience, publish standardized issue data, and coordinate KYC, enrollment, bidding, allotment (ascending-yield priority with pro-rata at cut-off) and pay-in through clearing corporations. Issuers, arrangers and participants have specified disclosure, enrolment, KYC and withdrawal obligations, with debarment and cooling-off provisions for defaults and withdrawals. en-us Fri, 05 Jan 2018 00:00:00 +0530 Thu, 29 Nov 2018 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57811 The circular mandates use of an Electronic Book Mechanism for private placements of debt securities and NCRPS meeting specified thresholds and permits voluntary use for other debt instruments. Recognised stock exchanges acting as Electronic Book Providers (EBPs) must offer an anonymous, on-line bidding platform, maintain audit trails and IT resilience, publish standardized issue data, and coordinate KYC, enrollment, bidding, allotment (ascending-yield priority with pro-rata at cut-off) and pay-in through clearing corporations. Issuers, arrangers and participants have specified disclosure, enrolment, KYC and withdrawal obligations, with debarment and cooling-off provisions for defaults and withdrawals. Circulars SEBI Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57811