https://www.taxtmi.com/circulars?id=64392 Perpetual non cumulative preference shares and innovative/perpetual debt instruments, treated as Additional Tier 1 (AT1) instruments, are non equity regulatory capital instruments with issuer discretion to write down principal or interest, skip payments or recall early. SEBI mandates issuance via the Electronic Book Provider platform, restricts primary participation to Qualified Institutional Buyers, prescribes minimum allotment and trading lot thresholds, and requires enhanced disclosures including trustee consents, detailed instrument terms and a Point of Non Viability clause enabling regulatory write down. en-us Tue, 06 Oct 2020 00:00:00 +0530 Wed, 07 Oct 2020 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64392 Perpetual non cumulative preference shares and innovative/perpetual debt instruments, treated as Additional Tier 1 (AT1) instruments, are non equity regulatory capital instruments with issuer discretion to write down principal or interest, skip payments or recall early. SEBI mandates issuance via the Electronic Book Provider platform, restricts primary participation to Qualified Institutional Buyers, prescribes minimum allotment and trading lot thresholds, and requires enhanced disclosures including trustee consents, detailed instrument terms and a Point of Non Viability clause enabling regulatory write down. Circulars SEBI Tue, 06 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64392