Notification No. SEBI/LAD-NRO/GN/2024/190, Dated: 08.07.2024
SEBI has notified SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2024. As per the amended norms, the issuer must fix a record date for payment of interest, dividend, redemption or repayment amount, or for such other purpose as specified by Board. The record date must be fixed 15 days before due date of payment. Also, SEBI has updated the due diligence certificate format that the debenture trustee must submit when filing the draft offer document.
Click Here To Read The Full Notification
The post SEBI Amends NCS Norms | Requires Issuer to Fix a Record Date 15 Days Before Due Date for Payment of Interest/Dividend appeared first on Taxmann Blog.