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TMI BlogGeneral ConditionsX X X X Extracts X X X X X X X X Extracts X X X X ..... nt as provided in these regulations: (a) the issuer or the person in control of the issuer or its promoter or its director is restrained or prohibited or debarred by the Board from accessing the securities market or dealing in securities; or (b) the issuer or any of its promoters or directors is a wilful defaulter or it is in default of payment of interest or repayment of principal amount in respe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... choose a different stock exchange as a designated stock exchange subject to the requirements of this regulation; (b) it has obtained in-principle approval for listing of its debt securities on the recognized stock exchanges where the application for listing has been made; (c) credit rating has been obtained from at least one credit rating agency registered with the Board and is disclosed in the o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stees) Regulations, 1993 . (5) The issuer shall not issue debt securities for providing loan to or acquisition of shares of any person who is part of the same group or who is under the same management. (6) Explanation: For the purposes of sub-regulation (5), - (a) two persons shall be deemed to be part of the same group if they belong to the same group within the meaning of clause (ef) of section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ained or prohibited or debarred by the Board from accessing the securities market or dealing in securities and such direction or order is in force. 2. Substituted vide Notification No. SEBI/ LAD-NRO/GN/2020/35 dated 08-10-2020 before it was read as Section 117B of the Companies Act, 1956 (1 of 1956) - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation ..... X X X X Extracts X X X X X X X X Extracts X X X X
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