Sebi proposes changes to ease NCD compliance and align provisions with equity-listed entities.
Securities and Exchange Board of India (Sebi) proposed changes to ease compliance for non-convertible securities (NCDs), aligning provisions with those for equity-listed entities. Quarterly financial results must be approved by a company's board and signed by a designated official. Proposals also include simplifying and easing compliance under various SEBI regulations, aligning disclosure rules for fraud/default, reducing record date notification timeline, and filing disclosures in XBRL format. Public comments and suggestions are invited by September 6.
August 16, 2024
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