Terms of non convertible debt securities and non convertible redeemable preference shares.

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..... 61. (1) The listed entity shall ensure timely payment of interest or dividend of 1[non-convertible debt securities and/or] non-convertible redeemable preference shares or redemption payment: Provided that the listed entity shall not declare or distribute any dividend wherein it has defaulted in payment of interest on debt securities or redemption thereof or in creation of security as per the ter .....

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..... quirements as specified by respective regulators." 3. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 before it was read as, "(2) The listed entity shall not forfeit unclaimed interest/dividend and such unclaimed interest/dividend shall be transferred to the 'Investor Education and Protection Fund' set up as per Section 125 of the Companies Act, 2013." 4. Ins .....

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