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

Last updated: 11 July 2024

Notice Date : 08 July 2024

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, 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 Securities) Regulations, 2021, namely: -

1. These regulations may be called the Securities and Exchange Board of India (Issue and Listing of NonConvertible Securities) (Amendment) Regulations, 2024.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021,

I. in regulation 23, after sub-regulation (6), the following shall be inserted, namely,-

“(7) (a) The issuer shall fix a record date for the purposes of payment of interest, dividend and payment of redemption or repayment amount or for such other purposes as specified by the Board.

(b) Such record date shall be fixed at fifteen days prior to the due date of payment interest or dividend, repayment of principal or any other corporate actions.”

II. regulation 40 shall be substituted with the following namely,-

Please refer to the attachment for full notification.