SEBI Issues Consultation Paper on Review of Provisions of NCS Regulations and LODR Regulations for EODB

  • News|Blog|Company Law|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 13 December, 2023

Provisions of NCS Regulations

Consultation Paper DDHS – POD 1, Dated 09.12.2023

Pursuant to the Budget Announcement in the Union Budget for FY 2023-24, requesting suggestions to promote the ease of doing business for listed debt issuers and review the applicability of certain provisions. It has been proposed that issuers that have listed outstanding NCDs as on the date of the issue document or issue opening date, may insert a QR code, the scanning of which opens a web-link for the Audited Financials for last 3 FYs.

Also, the SEBI has also proposed to modify Regulation 52(8) of the LODR Regulations to provide the listed entity, discretion to publish the financial results in a newspaper within the specified time period.

Further, it has also been proposed to permit issuer to issue NCDs or NCRPS with the face value of Rs. 10,000/-. However, in such cases, the issuer shall appoint merchant banker who shall carry out due diligence for issuance of such privately placed NCDs or NCRPS and disclosures in the private placement memorandum.

Further, such NCDs and NCRPS shall be plain vanilla, interest/dividend bearing instruments with a simple structure (i.e. without any credit enhancements or structured obligations). Various other proposals were notified.

Click Here To Read The Full Updates

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied