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    <title>Extension of compliance period – Fund raising by large corporates through issuance of debt securities to the extent of 25% of their incremental borrowings in a financial year</title>
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    <description>The contiguous block over which large corporates must meet the mandatory requirement to raise a minimum portion of their incremental borrowings through issuance of debt securities, reckoned from Financial Year 2021-22, is extended from two years to three years; relevant provisions of Chapter XII (paras 2.2(c) and 2.2(d)) of the NCS Operational Circular are modified. Stock exchanges are directed to notify brokers, publish the circular, amend bye laws, rules and regulations in coordination, and communicate such amendments to the regulator for uniform implementation.</description>
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      <description>The contiguous block over which large corporates must meet the mandatory requirement to raise a minimum portion of their incremental borrowings through issuance of debt securities, reckoned from Financial Year 2021-22, is extended from two years to three years; relevant provisions of Chapter XII (paras 2.2(c) and 2.2(d)) of the NCS Operational Circular are modified. Stock exchanges are directed to notify brokers, publish the circular, amend bye laws, rules and regulations in coordination, and communicate such amendments to the regulator for uniform implementation.</description>
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