https://www.taxtmi.com/notifications?id=127637 The regulations add a wilful defaulter definition covering issuers whose directors or promoters are so categorized, and prohibit public issues of debt securities where the issuer, controller, promoter or director is restrained from markets or is a wilful defaulter or in default of interest or principal payments for over six months. For private placement listings, issuers must make specified disclosures about wilful default (declaring bank, year, outstanding amount, entity name, remediation steps and other investor relevant information), prominently disclose wilful default on the cover page, and present these disclosures in a separate, indexed chapter or section. en-us Tue, 10 May 2016 00:00:00 +0530 Tue, 01 Jan 2019 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127637 The regulations add a wilful defaulter definition covering issuers whose directors or promoters are so categorized, and prohibit public issues of debt securities where the issuer, controller, promoter or director is restrained from markets or is a wilful defaulter or in default of interest or principal payments for over six months. For private placement listings, issuers must make specified disclosures about wilful default (declaring bank, year, outstanding amount, entity name, remediation steps and other investor relevant information), prominently disclose wilful default on the cover page, and present these disclosures in a separate, indexed chapter or section. Notifications SEBI Tue, 10 May 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127637