54. In respect of its listed non-convertible debt securities, the listed entity shall maintain hundred per cent. asset cover or as per the terms of offer document/ Information Memorandum and/or Debenture Trust Deed, sufficient to discharge the principal amount 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 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.
The listed entity shall disclose the
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.
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.
- 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 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