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Ease information disclosure norms for privately placed NCDs: FIDC

At present SEBI rules require standalone financial information for at least last three years and auditor qualifications from the entity seeking to issue NCDs

Topics
Sebi | Finance firms | NCDs

Abhijit Lele  |  Mumbai 



sebi
Over the past several years, the listed NCD market has opened up to smaller corporates and financial institutions.

Finance have sought an amendment to the Securities and Exchange Board of India (Sebi) regulations, seeking easier disclosure requirements pertaining to the furnishing of aud­ited financial figures of the last thr­ee years for private placem­ent of debentures. At present, norms require the stand-alone financial information (such as P&L statement and balance sheet) for the last three years as well as auditor qualifications, from the issuer seeking to issue listed non-convertible debentures (NCDs).

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First Published: Thu, August 27 2020. 20:27 IST

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