Regulatory Alerts2024-05-22
Master Circular for Issue and Listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate all applicable directions regarding the issue and listing of non-convertible securities, securitised debt instruments, security receipts, municipal debt securities, and commercial paper. The document supersedes previous circulars and establishes comprehensive operational frameworks, including detailed procedures for public issue applications via the ASBA mechanism and UPI integration. It mandates compliance from issuers, stock exchanges, depositories, and intermediaries to ensure standardized timelines, disclosures, and infrastructure for these debt instruments.
Share