The Securities and Exchange Board of India (SEBI) on September 06, 2024, issued a modification in the timeline for submission of status regarding payment obligations to the stock exchanges by entities that have listed commercial papers.
The relevant extract of the said provision is given as under:
Para 8.4 of Chapter XVII of the NCS Master Circular reads as under:
“8.4 A certificate confirming fulfilment of its payment obligations, within 2 days of payment becoming due”.
To align the timeline of intimating Stock Exchanges regarding the status of payment obligations for listed non-convertible securities and listed Commercial Paper, paragraph 8.4 of Chapter XVII of the NCS Master Circular, is hereby amended as under:
“8.4 A certificate confirming fulfilment of its payment obligations, within one working day of payment becoming due”
[Circular No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2024/117]
