SEBI grants further relaxations to listed companies who have listed / proposed to list NCDs / NCRPS / CPs / MDS on account of COVID-19 pandemic
n addition to the relaxations already notified under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’), the Securities and Exchange Board of India (‘SEBI’), in a circular dated 23.03.2020, has issued further relaxations in compliance requirements for listed entities which have listed their Non-Convertible Debentures (NCDs), Non-Convertible Redeemable Preference Shares (NCRPS), Municipal Debt Securities (MDS) and Commercial Papers (CPs) or which propose to list the same.
- Extension of timeline for issuance and filings for issuers who have listed /propose to list their Non-Convertible Debentures (NCDs) / Non-Convertible Redeemable Preference Shares (NCRPS)/ Commercial Paper(s)
To enable issuers who intend/propose to list their NCD/NCRPS/CPs, the following relaxations in timelines have been granted.
|Particulars||Available Audited financials||Date for issuance||Extended date for issuance||Period of relaxation|
|Cutoff date for issuance of NCDs/NCRPS/C Ps||As on September 30, 2019||On or before March 31, 2020||On or before May 31, 2020||60 Days|
- Extension of timeline for filings prescribed for Issuers of Municipal Debt Securities