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ARTICLE · 19 DECEMBER 2022

Timelines Shortened In Relation To Listing Of Privately Placed Debt Securities

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The Amendment will come into effect from 1 January 2023 and will be applicable to issues listed thereafter.

IndiaFinance and Banking
Manisha Shroff
Manisha Shroff
Rishabh Kumar
Rishabh Kumar
Krishna Dipayan Dash
Krishna Dipayan Dash
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Securities and Exchange Board of India (SEBI) vide its circular on 'Review of timelines for listing of securities issued on a private placement basis' dated 30 November 2022 and bearing reference no. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/167 (hereinafter, the Amendment) amended Chapter VII (Standardization of timelines for listing of securities issued on a private placement basis) of the Operational Circular dated 10 August 2021 issued by SEBI (hereinafter, the Operational Circular). The chapter is applicable to issue and listing of non-convertible securities, securitised debt instruments, security receipts and municipal debt securities (together, NCS)

The Amendment will come into effect from 1 January 2023 and will be applicable to issues listed thereafter.

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