TMI BlogRedemption and Roll-overX X X X Extracts X X X X X X X X Extracts X X X X ..... pon passing of a special resolution of holders of such securities and give 1[fifteen days] notice of the proposed roll over to them. (3) The notice referred to in sub- regulation (2) shall contain disclosures with regard to credit rating and rationale for roll-over. (4) The issuer shall, prior to sending the notice to holders of debt securities, file a copy of the notice and proposed resolution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l be created or maintained in respect of such debt securities to be rolled -over.
(6) The issuer shall redeem the debt securities of all the debt securities holders, who have not given their positive consent to the roll-over.
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NOTES:-
1.
Substituted vide Notification No. SEBI/ LAD-NRO/GN/2020/35 dated 08-10-2020 before it was read as "twenty one days"
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