Regulatory Alerts2023-06-30
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 existing circulars into a single document governing listing obligations and continuous disclosure requirements for issuers of Non-convertible Securities, Securitized Debt Instruments, and Commercial Paper. The document mandates specific formats for filing quarterly and annual financial information, submitting limited review or audit reports, and disclosing the utilization of issue proceeds. It further establishes standardized procedures for reporting audit qualification impacts, related party transactions, rating reviews, and payment obligations to recognized stock exchanges.
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