SEBI (Issue And Listing Of Non-Convertible Securities) (Amendment) Regulations, 2024

Last updated: 11 July 2024

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The Securities and Exchange Board of India (SEBI) has introduced the SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2024. These amendments, effective from their publication date, introduce a new sub-regulation (7) to regulation 23. This new rule mandates issuers to fix a record date for payments like interest, dividends, or redemption, which must be set fifteen days before the due date for such payments or other corporate actions.

SECURITIES AND EXCHANGE BOARD OF INDIANOTIFICATIONMumbai, the 8th July, 2024 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF NON-CONVERTIBLE SECURITIES) (AMENDMENT) REGULATIONS, 2024 No. SEBI/LAD-NRO/GN/2024/190 In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Sec

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FAQ :

The new regulations are the SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2024.

These regulations will come into force on the date of their publication in the Official Gazette.

A new sub-regulation (7) has been inserted into regulation 23, requiring issuers to fix a record date for payments such as interest, dividend, or redemption.

The record date must be fixed at least fifteen days prior to the due date for payment of interest, dividend, repayment of principal, or any other corporate actions.

Yes, regulation 40 of the principal regulations shall be substituted with new provisions, as detailed in the full notification.

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Notification No : SEBI/LAD-NRO/GN/2024/190
Published in Investments & Personal Finance
Source : https://egazette.gov.in/(S(ts5udelczjsjqozygrbv3sra))/ViewPDF.aspx

Attached File : 322600_11317_sebi.pdf

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