SEBI eases norms for entities planning to list NCDs, CPs


Mumbai, Jul 15 (IANS): The Securities and Exchange Board of India (SEBI) has relaxed compliance norms for listed entities intending to list their Non-Convertible Debentures (NCDs), Non-Convertible Redeemable Preference Shares (NCRPSs) and Commercial Papers (CPs).

The security markets regulator said that it has now received representations from listed entities seeking extension of time for listing their NCDs, NCRPSs and CPs, pending finalisation of their annual accounts for the financial year ending March 31, 2020.

"Accordingly, it has been decided to permit listed issuers who have issued NCDs/NCRPS/ CPs, on or after July 1, 2020 and intend/propose to list such issued NCDs/NCRPS/CPs, on or before July 31, 2020, to use available financials as on December 31, 2019," the SEBI circular said.

General listing of such debt securities requires the issuer to submit its latest audited financials which should not be older than six months.

With the latest relaxation, listed entities have been allowed the entities to use financials as of December 31, 2019 for their planned listing of NCDs and CPs on or before July 31.

The development comes after the SEBI had last month extended the timelines for submission of financial results for the quarter, half year and financial year ended March 31 till July 31.

 

  

LEAVE A COMMENT

Title : SEBI eases norms for entities planning to list NCDs, CPs


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image