valid as on 21/07/2024

Regulation 22 - Relaxation of strict enforcement of rule 19 of Securities Contracts (Regulation) Rules, 1957
Effective from 06-06-2008

In exercise of the powers conferred by sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957, the Board hereby relaxes the strict enforcement of:

(a) sub-rules (1) and (3) of rule 19 the said rules in relation to listing of debt securities issued by way of a public issue or a private placement;

(b) clause (b) of sub-rule (2) of rule 19 of the said Rules in relation to listing of debt

(i) issued by way of a private placement by any issuer;

(ii) issued to public by an infrastructure company, a Government company, a
statutory authority or corporation or any special purpose vehicle set up by
any of them, which is engaged in infrastructure sector.

Explanation: For the purposes of this regulation the terms ‘infrastructure company’ and ‘infrastructure sector’ shall have the same meaning as assigned to them under the SEBI (Disclosure and Investor Protection) Guidelines, 2000 or any successor thereof.

CAIRR PLUS on Google Playsecretarial automation?Subscribe for Updates