https://www.taxtmi.com/notifications?id=127636 The amendment defines "wilful defaulter" as per bank or financial institution categorisation and bars public equity issues by an issuer or any promoter or director who is a wilful defaulter; it also bars public issues of convertible debt if the issuer or related promoter/director is a wilful defaulter or if the issuer has defaulted on public debt interest or principal for over six months. Where a wilful defaulter status exists, issuers must make Part G Schedule VIII disclosures in offer documents and abridged letters of offer, show the status prominently on the cover page, and present disclosures in a separate indexed section. Rights-issue renunciation by promoters is limited to within the promoter group. en-us Tue, 10 May 2016 00:00:00 +0530 Tue, 01 Jan 2019 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127636 The amendment defines "wilful defaulter" as per bank or financial institution categorisation and bars public equity issues by an issuer or any promoter or director who is a wilful defaulter; it also bars public issues of convertible debt if the issuer or related promoter/director is a wilful defaulter or if the issuer has defaulted on public debt interest or principal for over six months. Where a wilful defaulter status exists, issuers must make Part G Schedule VIII disclosures in offer documents and abridged letters of offer, show the status prominently on the cover page, and present disclosures in a separate indexed section. Rights-issue renunciation by promoters is limited to within the promoter group. Notifications SEBI Tue, 10 May 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127636