https://www.taxtmi.com/acts?id=40027 Regulation 5 bars issuers from issuing non-convertible securities if, on the date of filing the draft offer document or offer document, the issuer or its promoters or directors are debarred from market access, are wilful defaulters, are fugitive economic offenders, or have pending fines by the Board or stock exchanges. The prohibition extends where promoters or directors are similarly disqualified in another company. Exceptions include nominee directors appointed by debenture trustees, expiry of debarment periods before filing, and non-application of wilful-defaulter bars to private placements. en-us Tue, 10 Aug 2021 16:15:35 +0530 Tue, 06 Aug 2024 10:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40027 Regulation 5 bars issuers from issuing non-convertible securities if, on the date of filing the draft offer document or offer document, the issuer or its promoters or directors are debarred from market access, are wilful defaulters, are fugitive economic offenders, or have pending fines by the Board or stock exchanges. The prohibition extends where promoters or directors are similarly disqualified in another company. Exceptions include nominee directors appointed by debenture trustees, expiry of debarment periods before filing, and non-application of wilful-defaulter bars to private placements. Act-Rules SEBI Tue, 10 Aug 2021 16:15:35 +0530 https://www.taxtmi.com/acts?id=40027