The on April 4, 2022 has issued Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper.
The following is the chapter-wise framework for the issuance, listing and trading of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities or Commercial Paper namely: -
• Application process in case of public issues of securities and timelines for listing - Investors applying in a public issue shall use ASBA facility for making payment.
• Application form and Abridged Prospectus - Bidder’s undertaking and confirmation to include blocking of funds through UPI mode.
• Day count convention, disclosure of cash flows and other disclosures in the offer document - The cash flows emanating from the non-convertible securities according to the day count convention (Actual/Actual) shall be mentioned in the offer document.
• Additional Disclosures by Non-Banking Finance Company or Housing Finance Company or Public Financial Institution - In case the issuer is a NBFC or HFC or PFI and the objects of the public issue entail loan to any entity which is a ‘Group Company’, then disclosures shall be made.
[Notification No. SEBI/HO/DDHS/P/CIR/2021/613]
