SEBI UPDATES
REDUCTION OF TIMELINE FOR
LISTING OF DEBT SECURITIES AFTER THE CLOSURE OF THE ISSUE TO 6 WORKING DAYS AS
AGAINST THE PRESENT REQUIREMENT OF 12 WORKING DAYS.
In order to make the existing process of
issuance of debt securities, Non Convertible Redeemable Preference Shares, and
SEBI (Public Offer & Listing of Debt Instruments) Regulations & SEBI (
Issue of and Listing of Securities by Municipalities ) Regulations easier,
simpler and cost effective for both issuers and investors. SEBI vide its
circular dated August 16, 2018 decided to reduce the time taken for listing after the closure of
the issue to 6 working days as against the present requirement of 12 working
days.
CLARIFICATION REGARDING
CIRCULAR ISSUED WITH REGARD TO USE OF ELECTRONIC BOOK MECHANISMS IN ISSUANCE OF
SECURITIES ON PRIVATE PLACEMENT BASIS
With
a view to further rationalize and ease the process of issuance of securities on
EBP platform and in consultation with the market participants .SEBI vide it’s
circular SEBI/HO/DDHS/CIR/P/2018/122 dated August 16, 2018 which will come in
to force w.e.f from October 01, 2018 provided the following additional facilities under
electronic book mechanisms: Closed bidding, Multiple yield allotment, Multiple
bids by an investor etc. For details refer the said circular.
Courtesy : CS DEEPAK KUKREJA
No comments:
Post a Comment