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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE- Reiteration of SEBI circular regarding Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024

17-Dec-2024 | Notice No. 20241217-51

BSE has reiterated the SEBI circular notifying Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024, effective from 17th December 2024.

By virtue of this amendment notification, the following amendments are notified-
1. The definition of Environment, Social and Governance Debt Securities or ESG Debt Securities is inserted, which means those type of green debt securities, social bonds, sustainability bonds or any other type of bonds by whatever name they are called, that are issued in accordance with such international framework as adapted or adjusted to suit Indian requirements as specified by the Board and also covers in its ambit any other securities as specified by the Board. (Regulation 2(1)(oa))
2. A new regulation regarding the Issuance of Environment, Social and Governance Debt Securities is inserted requiring the issuer desirous of issuing ESG Debt Securities to comply with the conditions as may be specified by the Board. (Regulation 12A)
3. Regulation 26 regarding the Issuance of Green Debt Securities is omitted.
4. The word "trustees" as specified in Para 3.3.31 of Schedule I regarding consent of directors, auditors, bankers to an issue etc. to be disclosed in the issue document, may be deleted.

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