SEBI amends norms relating to Listing obligations and Disclosure requirements

SEBI has amended the norm relating to Listing Obligations and Disclosure Requirements. Amendment has been made to Regulation 54 requiring listed entities to maintain 100% asset cover as per the terms of offer document/information memorandum or debenture trust deed sufficient to discharge the principal amount at all times for the non-convertible debt securities issued. Amendment has also been made to Regulation 56(1)(d) and Schedule III of the regulations.SEBI has amended the norm relating to Listing Obligations and Disclosure Requirements. Amendment has been made to Regulation 54 requiring listed entities to maintain 100% asset cover as per the terms of offer document/information memorandum or debenture trust deed sufficient to discharge the principal amount at all times for the non-convertible debt securities issued. Amendment has also been made to Regulation 56(1)(d) and Schedule III of the regulations.taxmann.com Latest Statutory HappeningsRead More

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