Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6)

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...., Securitised Debt Instruments, Security Receipts, Municipal Debt Securities or Commercial Paper; All Recognized Stock Exchanges; All Debenture Trustees registered with SEBI; Dear Sir/ Madam, Sub: Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6) 1. Regul....

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.... placed Non-Convertible Debentures ("NCDs") or public issue of NCDs. They have requested that they may also be provided a time frame, as already provided to listed issuers, to amend their AoA to give effect to the above amendments since it requires formalities like approval from shareholders and conducting board and general meetings. The representations also state that due to the imminent financia....