ARTICLE · 12 JULY 2023

SEBI Amends NCS Regulations: July, 2023

CMS INDUSLAW

Explore more from CMS INDUSLAW

The Securities and Exchange Board of India ("SEBI") on July 6, 2023 has introduced the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Second Amendment...

IndiaCorporate/Commercial Law

Pritha Chatterjee

Author LinkedIn connections

1. INTRODUCTION

The Securities and Exchange Board of India ("SEBI") on July 6, 2023 has introduced the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023 ("Amendment Regulations") which have amended the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ("NCS Regulations").

2. KEY CHANGES INTRODUCED BY THE AMENDMENT REGULATIONS

Set out below are some of the key changes introduced by the Amendment Regulations.

2.1. Introduction of provisions regarding General Information Document ("GID") and Key Information Document ("KID") for issuers of non-convertible securities ("NCS")

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

How Can A Foreign Company Acquire An Indian Business Through A Share Purchase Or Business Transfer?

IndiaCorporate/Commercial Law

Mansukhlal Hiralal & Company

Repeal Of Advertisement Duration Regulations And Reporting Requirements

IndiaCorporate/Commercial Law

Draft Directions Restricting Revolving Credit Products By NBFCs

IndiaCorporate/Commercial Law

An Extension Of Your Legal Team, Not An Outsourced Desk

IndiaCorporate/Commercial Law

Counselect Services Pvt. Ltd.

A Minority Stake Is Still An "Investment": What India's Loss In RAKIA Means For Anyone Structuring Into India

IndiaCorporate/Commercial Law

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Enforcement of Civil and Commercial Judgments

Comparative Guide

Private Equity

Comparative Guide

Corporate Governance

Comparative Guide

Mergers & Acquisitions

See more popular content from

Corporate/Commercial Law

MCA21 V3: Objectives And Key Features

The Ministry of Corporate Affairs ("MCA") has introduced various changes in the MCA21 portal over the years since 2006, in order to improve the compliance by companies and Limited Liability Partnerships...

IndiaCorporate/Commercial Law

Private Placement Under The Companies Act, 2013: What Companies And Investors Need To Know

For many companies, particularly closely held and unlisted companies, private placement is a practical way of raising funds without going through the extensive process involved in a public issue. It allows a company to approach a limited set of identified investors and raise capital on mutually agreed terms.

IndiaCorporate/Commercial Law

Maheshwari & Co. Advocates & Legal Consultants

A Sneak Peek Into A Historic Deal In The Entertainment Industry: How Paramount Beat Netflix For Warner Bros. – Lessons And Reforms For India

Chanakya, the ancient Indian strategist and author of the Arthashastra, taught that an opponent is overcome through four means: sama (persuasion), dana (inducement), bheda (division) and danda (force). The contest for Warner Bros. Discovery (WBD) is a modern illustration of all four. Netflix made the first offer and signed a merger agreement with WBD, yet Paramount played each of its cards with care.

IndiaCorporate/Commercial Law

Hammurabi & Solomon Partners

CCPS In India: Why Compulsorily Convertible Preference Shares Remain Central To Venture Capital And M&A Transactions

Compulsorily Convertible Preference Shares (CCPS) remain one of the most widely used instruments for venture capital and private equity investments in Indian companies. Their appeal lies in the ability to combine equity classification with negotiated economic and governance protections. But CCPS are not governed by a single, standalone statutory framework. Their legal treatment is instead shaped by the Companies Act, FEMA and foreign investment rules, tax law, and, where applicable, SEBI regulations.

IndiaCorporate/Commercial Law

King, Stubb & Kasiva

Whistleblower Protection In India Legal Safeguards And Gaps In Corporate Fraud Reporting

A whistle-blower, whether an individual or a collective entity, is generally an insider who possesses first-hand knowledge of fraud, corruption, misconduct, malpractice, or other unlawful or unethical practices occurring within an organization.

IndiaCorporate/Commercial Law

MZM Legal, Advocates & Legal Consultants

Issue Of Debentures Under The Companies Act, 2013 Guide

Learn the legal framework, procedure, compliance requirements and practical steps for issuing debentures under the Companies Act, 2013 in India.

IndiaCorporate/Commercial Law

Khurana & Khurana, Advocates and IP Attorneys

Slump Sale In India: Can Assets And Liabilities Be Left Behind Without Losing The Undertaking?

A slump sale begins with identifying the business that is to be transferred and the assets, rights and obligations that form part of it. The bargain is rarely 'take all or leave all'. The purchaser may want the operating business, but may not want an old tax dispute, an irrecoverable receivable, obsolete equipment, excess land or legacy financing. This choice is commercially ordinary, but it can make slump sale classification more difficult.

IndiaCorporate/Commercial Law

Corporate Professionals - Advisors & Advocates

Sahara vs. SEBI-An In-Depth Analysis Of The Landmark Supreme Court Ruling

The Supreme Court while confirming the findings of the SAT has further asked SEBI to probe into the matter and find out the actual investor base who have subscribed to the Optionally Fully Convertible Debentures (OFCDs) issued by the two group companies SIRECL and SHICL.

IndiaCorporate/Commercial Law

Corporate Professionals - Advisors & Advocates

Documents Required For Private Limited Company Registration In India

Starting a company in India involves several legal procedures and regulatory approvals. One of the most important aspects of incorporation is preparing accurate Company Registration Documents.

IndiaCorporate/Commercial Law

Mansukhlal Hiralal & Company

FCRA Amendment Rules, 2026: Key Changes And Practical Implications

AZB & Partners provides important disclaimers regarding the nature and purpose of their website, clarifying that no solicitation or advertising has occurred and that the information is provided solely at the user's request. The firm outlines the limitations of the website content and emphasizes that accessing it does not create a lawyer-client relationship. Users are informed about their responsibilities when using the site and the firm's intellectual property rights over the content.

IndiaCorporate/Commercial Law