Relaxation from compliance with provisions of the SEBI ILDS Regulation, NCRPS Regulations and SEBI Circulars relating to Listing of Commercial Papers
Summary
SEBI permits listed issuers to use financials as of December 31, 2019 for listing NCDs, NCRPS, or CPs issued between July 1 and July 31, 2020. This relaxation addresses delays in finalizing annual accounts due to the COVID-19 pandemic and extended submission timelines. Stock Exchanges are advised to disseminate these provisions to all listed entities.
Text
permit listed Issuers who have issued NCDs/NCRPS/CPs, on or after July 01, 2020 and intend/propose to list such issued NCDs/NCRPS/CPs, on or before July 31, 2020, to use available financials as on December 31, 2019.
Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed entities and also disseminate on their websites.
This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulations 31 and 32 of the SEBI (ILDS) Regulations, 2008, Regulations 26 and 27 of SEBI (NCRPS) Regulations, 2013, the relaxations contained herein are subject to the provisions of the Companies Act, 2013 and rules made thereunder.
Source: SecMarx — Relaxation from compliance with provisions of the SEBI ILDS Regulation, NCRPS Regulations and SEBI Circulars relating to Listing of Commercial Papers. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.