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

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021

07-Sep-2021 | No. SEBI/LAD-NRO/GN/2021/47

SEBI has notified SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021.

The key amendments are as follows-
1. SEBI has widen the applicability of Chapter IV of SEBI (Listing Obligations and Disclosure Requirements).

Accordingly, Regulation 15-27 shall apply to a listed entity which has listed its non-convertible debt securities and has an outstanding value of listed non-convertible debt securities of Rs. 500 Crore and above.
The entities referred above are termed as 'high value debt listed entities'.

2. All listed entities with Non-convertible Securities(NCS) shall now submit financial results on a quarterly basis (earlier-half yearly).
3. Enhanced intimation & disclosure requirements for all entities with listed NCS.
4. The listed entity will have to inform the stock exchange at least 2 working days in advance about the board meeting in which proposals, including financial results and fund raising by way of issuance of non-convertible securities, are to be considered.

Other details are as per the attached circular.

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