%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(51).png "SEBI Amends Rules to Streamline Public Issuance of Debt Securities")
- The amendments, which came into effect on September 18, 2024, include the following:
- Reduction in minimum subscription period: The minimum period for which a public issue of debt securities or non-convertible redeemable preference shares is kept open has been reduced from 3 working days to 2 working days. The maximum period remains the same at 10 working days.
- Clarification on the use of QR codes: The regulations now clarify that issuers whose non-convertible securities are listed on the date of filing of the offer document or placement memorandum may provide a web link and a static QR code of the audited financial statements subject to certain conditions.
- Additional requirements for debenture trustees: The regulations have been amended to specify the formats to be used in cases of secured and unsecured debt securities at the time of filing the draft offer document and at the time of filing the listing application by the issuer.
- Introduction of a record date for payment of interest, dividend, and redemption or repayment amount: The regulations have been amended to require issuers to fix a record date for payment of interest, dividend, and payment of redemption or repayment amount or other purposes specified by the Board.
Question:
1 What is the new minimum subscription period for a public issue of debt securities or non-convertible redeemable preference shares after the SEBI amendment of September 18, 2024?
- A) 2 working day
- B) 1 working days
- C) 3 working days
- D) 5 working days
