Regulatory Alerts2014-03-26
Added · Updated
Communiqué on Lease Certificates (III-61.1)
The Capital Markets Board issued this Communiqué to regulate the issuance, management, and liquidation of lease certificates by Asset Lease Companies (ALCs). It defines five certificate types—ownership, management agreement, trading, partnership, and EPC-based—and establishes strict requirements for asset appraisal, investor protection, and corporate governance. The document further outlines the foundational criteria for ALCs, including permissible founders, share transfer restrictions, and mandatory documentation systems.
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