Securities and Exchange Board of India (Issue And Listing of Non-Convertible Redeemable Preference Shares) (Amendment) Regulations, 2016.

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....onvertible Redeemable Preference Shares) (Amendment) Regulations, 2016 No. SEBI/LAD-NRO/GN/2016-17/005.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Redeemable Preferen....

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....th the guidelines on wilful defaulters issued by the Reserve Bank of India and includes an issuer whose director or promoter is categorized as such." (II) In regulation 4, for sub-regulation (1), the following sub-regulation shall be substituted, namely, - "(1) No issuer shall make any public issue of non-convertible redeemable preference shares if as on the date of filing of draft offer documen....

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....llowing disclosures shall be made: (a) Name of the bank declaring the entity as a wilful defaulter; (b) The year in which the entity is declared as a wilful defaulter; (c) Outstanding amount when the entity is declared as a wilful defaulter; (d) Name of the entity declared as a wilful defaulter; (e) Steps taken, if any, for removal the from the list of wilful defaulter; (f) Other discl....