Recent changes to the SEBI regulations relating to the listed NCDs
The Securities and Exchange Board of India (“SEBI”) has recently amended the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in relation to the issue of non-convertible debentures (“NCDs”). Further, SEBI has also introduced a new circular titled ‘Revised format of security cover certificate, monitoring and revision in timelines’ to clarify and address the operational challenges faced by market participants.
To read further details, please refer to the below document.
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