Capital markets regulator Sebi on Thursday extended the timeline till January-end for entering the details of existing outstanding non-convertible securities in the security and covenant monitoring system hosted by depositories.
Earlier, this was to be complied by October 31, 2022.
This is the second time Securities and Exchange Board of India (Sebi) has extended the deadline to comply with the rules. Earlier, the deadline was September 2022, which was extended to October 2022.
The regulator, in August 2021, asked depositories to use blockchain technology to record and monitor security creation as well as covenants of non-convertible securities.
The extension comes after Sebi received representations from debenture trustees (DTs), which cited operational or technical difficulties in entering details and sought extension of timeline for verifying the entries made by issuer.
“Accordingly, it has been decided that for existing outstanding non-convertible securities, issuers shall ens
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