The Securities and Exchange Board of India, (SEBI) on May 09, 2024, issued a Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities.
The comments and suggestions should be submitted through the following mode latest by May 30, 2024.
The Advisory Committee have listed below the detailed proposals and consultation matters-
•Deletion of disclosure regarding PAN and personal address of promoters of the issuers in the offer document.
•Disclosure in the offer document regarding time period for key operational and financial parameters.
•Disclosure by way of QR code and web-link regarding the details of branches or units of the issuer in the offer document.
•Alignment of disclosure requirement in the offer document regarding ‘project cost and means of financing’ with that in case of equity.
•Relaxation in the requirement of providing certain business and commercial details in case of purchase or acquisition of immoveable property in the offer document.
•Providing flexibility in the signatories for the purpose of providing attestation in the offer document.
•Modification in the timeline for submission of status regarding payment obligations to the stock exchanges by entities that have listed commercial paper.
