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

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.... All the Recognized Stock Exchanges Madam/ Sir, Sub: 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 1. Chapter XII of NCS Operational Circular [Operational Circular for issue and listing of Non-Convertible Securities (NCS), Securitised Debt Instruments (SDI), Sec....

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....will be extended to a contiguous block of three years (from the present requirement of two years) reckoned from FY 2021-22 onwards. 3. The Stock Exchange(s)are directed to: 3.1. bring the provisions of this circular to the notice of the Stock Brokers and also disseminate the same on their websites; 3.2. make necessary amendments to the relevant bye-laws, rules and regulations for the impl....