SEBI issues Clarification on Issuance & Listing of Perpetual Debt Instruments, Perpetual Non-cumulative Preference Shares and Similar Instruments under SEBI NCS Regulations, 2021
SEBI has now clarified that only securities which have specified characteristics, shall necessarily be required to comply with the provisions for issuance and listing of perpetual debt instruments, perpetual non-cumulative preference shares and similar instruments under under Chapter V of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021.
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)
The Stock Exchanges are advised to take an undertaking from such first-time issuers that they will ensure that their AoA are amended within a period of six months from the date of the listing of the debt securities. This undertaking may be obtained at the time of granting the in-principle approval. The issuer shall, within such time, comply and report compliance to Stock Exchanges, which shall periodically monitor/ remind such issuers on doing the needful.
Consultation paper on review of Corporate Governance norms for a High Value Debt Listed Entity
Where a General Meeting(GM)is to be conducted,in which an agenda item relating to RPTs is proposed to be placed for approval by shareholders,the company shall send a copy of such agenda item to the debenture holders holding listed non-convertible debt securities.
Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees to solicit public comments / views
SEBI seeks comments on the clarity on the role and accountability of the Board of Asset Management Companies (AMC) to safeguard unit holders’ interest, across all products and services.
Consultation paper on proposal reforms under the Non-Convertible Securities Regulations
An issuer making a private placement of non-convertible securities and seeking listing thereof on a Stock Exchange shall file a General Information Document and a Key information document along with other required documents with the Stock Exchanges at the time of making the first issuance.
BSE releases New Module for filing information on BSE Listing Center
SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 requires that the listed entities maintain a functional website containing basic information about the Company. For effective enforcement of these Regulations, BSE has developed a new module in BSE Listing Centre. All listed entities will be required to provide the URLs of the specified information in the prescribed manner.
NSE issues FAQs on filing announcements in XBRL format on NEAPS Platform
The Circular lists a toral of 18 FAQs and are intended to be an addition to the demo sessions held on the filing of announcements in XBRL format on NEAPS platform. These FAQs are intended to serve as a guidance for concerned stakeholders.
SEBI reviews Chapter IX of NCS Operational Circular
This Chapter is called the Green Debt Securities of the Operational Circular for the issue and listing of Non-Convertible Securities (NCS), Securitised Debt Instruments (SDI), Security Receipts (SR), Municipal Debt Securities and Commercial Paper (CP). This notification of review was issued on 6th February, 2023 and shall come into force for all issues of green debt securities launched on or after 1st April, 2023.
Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023
In case of a buy-back through tender offer, the Board of Directors of the company may, till one working day prior to the record date, increase the maximum buy-back price and decrease the number of securities proposed to be bought back, such that there is no change in the aggregate size of the buy-back.
NSE circular on changes in price bands for securities
The National Stock Exchange has clarified that the price band for the securities in the limited physical market shall be the same as that applicable in the normal market
