The Bombay Stock Exchange (BSE) on September 10, 2024, notified regarding the clarification in respect of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2024.
The following has been stated namely: -
• It is in reference to SEBI vide its Notification No. SEBI/LAD-NRO/GN/2024/190 dated July 10, 2024, titled “Securities and Exchange Board of India (Issue and Listing Of Non-Convertible Securities) (Amendment) Regulations, 2024” had inserted regulation 23 (7) - The issuer shall fix a record date for payment of interest, dividend, and payment of redemption or repayment amount or for such other purposes as specified by the Board. Such record date shall be fixed at fifteen days before the due date of payment of interest or dividend, repayment of principal, or any other corporate actions.
• It states that all entities having their Non-Convertible Securities listed with Exchange are required to fix a record date in compliance with the abovementioned amendment, and listed entities are further required to make necessary changes in listing documents/disclosures submitted with Exchange (if required).
[Notification no. - 20240910-58]
