Securities And Exchange Board of India (Issue And Listing of Debt Securities) (Amendment) Regulations, 2014.

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..... gulations, 2014 No. LAD-NRO/GN/2013-14/43/207.-In exercise of the powers conferred by 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 E .....

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..... section 31 of the Companies Act, 2013;". (2) after regulation 6, following regulation shall be inserted, namely,- "Filing of Shelf Prospectus. 6A. (1) Without prejudice to the regulation 6, following companies or entities may file shelf prospectus under section 31 of Companies Act, 2013 for public issuance of their debt securities,- a. Public financial institutions as defined under clause (7 .....

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..... st three years; iii. securities issued under the shelf prospectus have been assigned a rating of not less than "AA-" category or equivalent by a credit rating agency registered with the Board; iv. no regulatory action is pending against the company or its promoters or directors before the Board, Reserve Bank of India or National Housing Bank; v. the issuer has not defaulted in the repayment .....

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..... r; iii. having consistent track record of distributable profit for the last three years; iv. securities issued under the shelf prospectus have been assigned a rating of not less than "AA-" category or equivalent by a credit rating agency registered with the Board; v. no regulatory action is pending against the company or its promoters or directors before the Board, Reserve Bank of India or N .....

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..... g revision in ratings, if any along with the rating rationale and financial ratios specified in Schedule I, indicating the pre and post issue change. (4) Not more than four issuances shall be made through a single shelf prospectus." U. K. SINHA, Chairman [ADVT./III/4/Exty./69 ZB/2013] Footnotes : 1. The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, .....

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