Security CoverSubstituted vide the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022 dated 11.04.2022. To view the Notification, Click Here. Asset Cover.
54. (1)Substituted vide SEBI (LODR) (Third Amendment) Regulations, 2020 dated 08.10.2020. To view the notification, Click Here In respect of its securedInserted vide the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022 dated 11.04.2022. To view the Notification, Click Here. listed non-convertible debt securities, the listed entity shall maintain hundred per cent. security cover or higher security coverReplaced vide the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022 dated 11.04.2022. To view the Notification, Click Here. asset cover or higherInserted vide SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021 dated 07.09.2021. To view the notification, Click Here. asset coverRefer SEBI Circular on ‘Security and Covenant Monitoring’ using Distributed Ledger Technology dated 13.08.2021. To view the Circular, Click Here.
Also refer SEBI’s Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT) dated 29.03.2022. To view the notification, Click Here. as per the terms of offer document/ Information Memorandum and/or Debenture Trust Deed, sufficient to discharge the principal amount and the interest thereon Inserted vide the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022 dated 11.04.2022. To view the Notification, Click Here. at all times for the non-convertible debt securities issued.”
(1) In respect of its listed non-convertible debt securities, the listed entity shall maintain hundred percent. asset cover sufficient to discharge the principal amount at all times for the non-convertible debt securities issued.
(2) The listed entity shall disclose Refer SEBI Circular dated 29.12.2021 effective from 01.02.2022 regarding Non-compliance with provisions related to continuous disclosures. To view the circular, Click Here. to the stock exchange in quarterly, half-yearly, year-to-date and annual financial statements, as applicable, the extent and nature of security created and maintained with respect to its secured listed non-convertible debt securities.
(3) Refer Master Circulars dated 30.06.2023 issued by SEBI, NSE and BSE. To view the SEBI circular, Click here. To view the NSE Circular, Click here. To view the BSE Circular, Click here. Refer SEBI Circular dated 29.12.2021 effective from 01.02.2022 regarding Non-compliance with provisions related to continuous disclosures. To view the circular, Click Here. Refer SEBI Circular- Revised Formats for filing Financial information for issuers of non-convertible securities dated 05.10.2021. To view the notification, Click Here Inserted vide SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021 dated 07.09.2021. To view the notification, Click Here The listed entity shall disclose the security coverSubstituted vide the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022 dated 11.04.2022. To view the Notification, Click Here.
(3)Omitted vide SEBI (LODR) (Third Amendment) Regulations, 2020 dated 08.10.2020. To view the notification, Click Here The requirement specified in sub-regulation (1), shall not be applicable in case of unsecured debt securities issued by regulated financial sector entities eligible for meeting capital requirements as specified by respective regulators.