Regulatory Alerts2026-01-21
Added · Updated
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021
The Securities and Exchange Board of India issued these regulations to govern the issuance and listing of non-convertible securities, including debt securities, non-convertible redeemable preference shares, and commercial paper. The document establishes preliminary provisions, definitions, and eligibility criteria for issuers, while mandating specific obligations such as obtaining in-principle approval, appointing debenture trustees, and securing credit ratings. It also outlines requirements for electronic issuances, the creation of recovery expense funds, and the issuance of Environment, Social and Governance Debt Securities.
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