Regulatory Alerts2024-05-21
Master Circular for Listing Obligations and Disclosure Requirements for Non-convertible Securities, Securitized Debt Instruments and Commercial Paper
The Securities and Exchange Board of India issued this Master Circular to consolidate all applicable circulars regarding listing obligations and continuous disclosure requirements for issuers of Non-convertible Securities, Securitized Debt Instruments, and Commercial Paper. The document supersedes previous circulars and mandates specific formats for filing quarterly and annual financial information, including statements of assets, liabilities, and cash flows. It further prescribes standardized templates for Limited Review and Audit Reports, disclosures on audit qualifications, utilization of proceeds, and procedures for handling defaults and unclaimed amounts.
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