Regulation 20 - Continuous Listing Conditions - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013

CHAPTER IV CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES Continuous Listing Conditions. 20. (1) All the issuers making public issues of non-convertible redeemable preference shares or seeking listing of non-convertible redeemable preference shares issued on private placement basis shall comply with the conditions of listing specified in the respective listing agreement for non-convertible redeemable preference shares. (2) (3) 1 [***] (4) The issuer and stock exchanges shall disseminate all information and reports on non-convertible redeemable preference shares including compliance reports filed by the issuers regarding the non-convertible redeemable preference shares to the investors and the general public by placing them on their websites. ********** 1 Omitted by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 w.e.f. 1-12-2015. Prior to its omission, sub regulations (2) and (3) read as under: (2) Each rating obtained by an issuer shall be reviewed by the registered credit rating agency at least once a year and any revision in the rating shall be promptly disclosed by the issuer to the stock exchange(s) where the non-convertible redeemable preference shares are listed. (3) Any change in rating shall be promptly disseminated to investors and prospective investors in such manner as the stock exchange where such securities are listed may determine from time to time.