Regulation 9 - Eligibility requirements for issue of convertible debt instruments - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

PART II: ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTS Eligibility requirements for issue of convertible debt instruments 9. An issuer shall be eligible to make an initial public offer of convertible debt instruments even without making a prior public issue of its equity shares and listing thereof. Provided that it is not in default of payment of interest or repayment of principal amount in respect of debt instruments issued by it to the public, if any, for a period of more than six months.