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

Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper

22-May-2024 | SEBI/HO/DDHS/PoD1/P/CIR/2024/54

SEBI has issued a Master Circular for the issue and listing of Non-convertible Securities (NCS), Securitised Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper to cover instruments under the NCS Regulations, certain chapters contain provisions applicable to the issue of securities under the SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008 and SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015, effective from 22nd May 2024. The highlights of the Master Circular are: 1. Application process in case of public issues of securities and timelines for listing. 2. Application Form and Abridged Prospectus. 3. Day count convention, disclosure of cash flows and other disclosures in the offer document. 4. Additional Disclosures by Non-Banking Finance Company or Housing Finance Company or Public Financial Institution1 5. Denomination of issuance and trading of Non-convertible Securities, etc. For more information refer the attachment.

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