Regulation 20 - Conditions for listing of debt securities issued on private placement basis - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008

Conditions for listing of debt securities issued on private placement basis 20. (1) An issuer may list its debt securities issued on private placement basis on a recognized stock exchange subject to the following conditions: (a) the issuer has issued such debt securities in compliance with the provisions of the 3 [ Companies Act, 2013. ] , rules prescribed thereunder and other applicable laws; (b) credit rating has been obtained in respect of such debt securities from at least one credit rating agency registered with the Board; (c) the debt securities proposed to be listed are in dematerialized form ; (d) the disclosures as provided in regulation 21 have been made. 1 [(e) where the application is made to more than one recognized stock exchange, the issuer shall choose one of them as the designated stock exchange.] (2) The issuer shall comply with conditions of listing of such debt securities as specified in the Listing Agreement with the stock exchange where such debt securities are sought to be listed. 2 [(3) The designated stock exchange shall collect a regulatory fee as specified in Schedule V from the issuer at the time of listing of debt securities issued on private placement basis.] *********** 1 Inserted by the SEBI (Payment of Fees) (Amendment) Regulations, 2014 w.e.f. 23. 05.14 2 Inserted by the SEBI (Payment of Fees) (Amendment) Regulations, 2014 w.e.f. 23. 05.14 3. Substituted vide Notification No. SEBI/ LAD-NRO/GN/2020/35 dated 08-10-2020 before it was read as Companies Act,1956