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NOTIFICATION NO. SEBI/LAD-NRO/GN/2024/190, DATED 08-07-2024

July 12, 2024

SEBI amends NCS norms; requires issuer to fix a record date 15 days before due date for payment of interest/dividend
Editorial Note : SEBI has notified SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2024. As per the amended norms, the issuer must fix a record date for payment of interest, dividend, redemption or repayment amount, or for such other purpose as specified by Board. The record date must be fixed 15 days before due date of payment. Also, SEBI has updated the format of due diligence certificate that debdenture trustee is required to submit at time of filing the draft offer document.

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