Legal update

Listing time for public issue of debt securities reducedListing time for public issue of debt securities reduced

Streamlining the process of public issue under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013, SEBI (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008 and SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015.

In  order  to  make  the  existing  process  of issuance  of debt  securities, NCRPS and SDI easier, simpler and cost effective for  both issuers and investors under the SEBI ILDS, SEBI ILDM, SEBI NCRPS and SEBI SDI  regulations respectively, it has  been  decided to reduce  the  time  taken for listing after the closure of  the issue to 6 working days as against the present requirement of 12 working days and details with respect to the same are specified in this circular.

Source: Aug 16, 2018| Circular No.:  CIR/DDHS/P/ 121/2018

https://www.sebi.gov.in/legal/circulars/aug-2018/streamlining-the-process-of-public-issue-under-the-sebi-issue-and-listing-of-debt-securities-regulations-2008-sebi-issue-and-listing-of-non-convertible-redeemable-preference-shares-regulations-_40004.H T M L

NCLT STARTS E-FILLING

The Hon’ble  NCLT issued Notice stating that  all concerned are requested to file complete Petition / Application/Appeal / Reply etc. in soft copy (in PDF Format only) in Pen Drive, along with the two complete sets of such document(s) (Legal Size) in hard copy before the NCLT, New Delhi w.e.f 27-02-2018.

Source: Aug 16, 2018

https://nclt.gov.in/sites/default/files/All-PDF/E-filling%20application-petition-appeal-reply%20etc..pdf