Framework for listing of Commercial Paper-Amendments
Summary
SEBI amends the framework for listing Commercial Papers based on market participant representations. The modifications allow certain listed issuers to file unaudited financials with limited review for stub periods. Additionally, issuers required to prepare consolidated results must submit specific quarterly financial results.
Text
Provided that listed issuers... who are in compliance with SEBI (Listing obligations and disclosure requirements) Regulations 2015... may file unaudited financials with limited review for the stub period in the current financial year, subject to making necessary disclosures...
However, if an issuer is required to prepare financial results for the purpose of consolidated financial results of its parent company in terms of Regulation 33 of SEBI LODR Regulations, such issuers shall submit financial results... or shall submit quarterly financial results that have been prepared for the purpose of consolidation...
This Circular is issued in exercise of powers conferred under Section 11(1) of Securities and Exchange Board of India Act, 1992.
Source: SecMarx — Framework for listing of Commercial Paper-Amendments. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.