Modification in the timeline for submission of status regarding payment obligations to the stock exchanges by entities that have listed commercial paper
Summary
SEBI amends Paragraph 8.4 of Chapter XVII of the NCS Master Circular to align the reporting timeline for listed Commercial Paper with that of other non-convertible securities. The requirement for issuers to submit a certificate confirming payment obligations is reduced from two days to one working day after the payment becomes due. This modification is issued under Section 11(1) of the SEBI Act, 1992, to protect investor interests and regulate the securities market.
Text
A certificate confirming fulfilment of its payment obligations, within one working day of payment becoming due
The 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 Regulation 55 (1) of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021
Source: SecMarx — Modification in the timeline for submission of status regarding payment obligations to the stock exchanges by entities that have listed commercial paper. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.