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SEBI (Issue and Listing of Debt Securities) (Amendment) Regulations 2018

Securities and Exchange Board of India Notification dated the 9th October, 2018 :-

No. SEBI/LAD-NRO/GN/2018/42.- In exercise of the powers under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, namely:-

1. These Regulations may be called the Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2018.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, the regulation 19B shall be omitted.

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Extra Notes

Regulation 19B was inserted by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulation 19B: Security Deposit.

(1) The issuer shall deposit, before the opening of subscription list, and keep deposited with the stock exchange(s) an amount calculated at the rate of one per cent. of the amount of securities offered for subscription to the public.

(2) The amount stipulated in sub-regulation (1) shall be deposited in the manner specified by Board and/or stock exchange(s).

(3) The amount stipulated in sub-regulation (1) shall be refundable or forfeitable in the manner specified by the Board.

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