SEBI comes out with disclosure format for listed debt securities
PrintListen to this Article
The first such submission should be made by the listed entities for the half-year ended March 31, 2020, the Securities and Exchange Board of India (Sebi) said in a circular.
"Listed entities which have issued non-convertible debt securities or non-convertible redeemable preference shares (NCRPs), shall submit the statement indicating deviation or variation, if any, in the (prescribed) format...on half-yearly basis," it added.
The format for the statement indicating deviation or variation will be applicable for funds raised by entities through issuance of non-convertible debt securities or non-convertible redeemable preference shares, which are listed.
With regard to frequency of disclosure, Sebi said the statement needs to be submitted to the stock exchange on half-yearly basis within 45 days of the end of the half-year until such funds are fully utilised or the purpose for which these proceeds were raised has been achieved.
With respect to the role of audit committee, the regulator said that the statement should be placed before the committee of the listed entity for review on half-yearly basis and after such review, the comments of the committee along with the report need to be submitted to the exchange, as part of the format.
In cases where the listed entity is not required to have an audit committee, the word 'audit committee' needs to be replaced with board of directors, it added. #casansaar (Source - PTI, Economic Times)
Category : SEBI | Comments : 0 | Hits : 565
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawfully. The funds are to be credited or deposited by Ravindra Balu Bharti into an interest-bearing escrow account that has been set up in a nationalised bank especially for that purpose. The regulator stated in an order that the escrow account(s) would establish a lien in favour of SEBI and that th...
The Securities and Exchange Board of India (Sebi), the country's market regulator, has announced the launch of an optional same-day (T+0) settlement cycle for a select group of 25 stocks starting March 28, as per a circular published on its website last Thursday. This new initiative, referred to as the beta version, is set to coexist with the traditional next-day (T+1) settlement cycle, where trades are settled within 24 hours of execution. The T+0 settlement option will be available for ...
Capital markets regulator Sebi on Thursday slapped a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Ltd (UPGL), for manipulating the share prices of the company. These entities have to pay the penalty jointly and severally within 45 days, as per an order. The order came after Sebi conducted an investigation of UPGL and trading by certain entities in the scrip of the company, to ascertain whether there was any violation of the provisions of the PFUTP (Pr...
Sebi alerts investors about the growing trend of unregistered entities falsely claiming Sebi registration and offering unrealistic returns. Investors are advised to verify the registration status and consider the inherent risks associated with high-return investments. The Securities and Exchange Board of India (Sebi) has issued a warning to investors, cautioning them against investing money with unregistered entities that promise assured or exceptionally high returns on investments. This advi...
Capital markets regulator Sebi on Thursday issued orders of action against 15 guest experts of the Zee Business channel for unlawful trading. The entities made unlawful gains to the tune of Rs. 7.41 crore from such trades and the profit was shared with guest experts as per prior understanding, Sebi noted. The market regulator also asked the guest experts to pay Rs.7.41 crore. The guest experts appeared on the Zee Business channel from 1 February 2022 and 31 December 2022. "The facts of t...
Comments