Prescribed Forms relating to issuance of debt securities on private placement basis must be filed with SEBI only in soft copy

Prescribed Forms relating to issuance of debt securities on private placement basis must be filed with SEBI only in soft copy

February 8, 2017 Corporate 0

The Securities and Exchange Board of India (“SEBI”) has issued a circular on 23rd December, 2016 on filing of forms in case of issuance of debt securities on private placement basis.

With a view to improve the culture of environmental responsibility and move a step forward green initiative, SEBI has directed that the following forms must be filed with SEBI in soft copy (PDF format) in a compact disc:

i. Form PAS-4 for making an offer/invitation to subscribe to securities through issue of a private placement offer letter;

ii. Form PAS-5 for maintaining a complete record of private placement offers.

Source: Securities and Exchange Board of India

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