The Securities and Exchange Board of India (“SEBI”) has issued a Master Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper. The Master Circular is a compilation of the relevant existing circulars with consequent changes and will come into effect from August 1, 2022. The obligations covered by the Circular are –
Chapter I – Formats for filing financial information
Chapter II – Formats for Limited Review Report/ Audit Report for issuers of Non-convertible Securities
Chapter III – Disclosure of the Impact of Audit Qualifications by Listed Entities
Chapter IV – Format of Statement indicating utilisation and Statement indicating deviation/ variation in the use of proceeds of issue of listed Non-convertible Securities
Chapter V – Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks/ financial institutions and unlisted debt securities
Chapter VI – Schemes of Arrangement involving NCDs/ NCRPS issued in lieu of specified securities
Chapter VII – Formats specifying disclosure of Corporate Governance by
Chapter VIII – Disclosure obligations of listed entities in relation to its Related Party Transactions
Chapter IX – Non-compliance with provisions related to continuous disclosures
Chapter X – Format for statements/ reports to be submitted to Stock Exchange(s) by listed entity which has listed its Securitised Debt Instruments
Chapter XI – Formats relating to review of rating and payment obligations
Chapter XII – Scheme(s) of Arrangement by entities who have listed their NCDs/ NCRPS
Source : Securities and Exchange Board of India
