|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Regulation 292K - Procedure for public issuance of Zero Coupon Zero Principal Instruments by a Not for Profit Organization - Securities and Exchange Board of India (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018Extract 2 [ 292K. The procedure and other conditions in respect of public issuance of Zero Coupon Zero Principal Instruments by a Not for Profit Organization shall be as specified by the Board. ] ************** NOTES:- 1. Inserted vide F. No. SEBI/LAD-NRO/GN/2022/90 dated 25-07-2022 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/162 dated 21-12-2023 before it was read as, 1 [Procedure for public issuance of Zero Coupon Zero Principal Instruments by a Not for Profit Organization 292K (1) A Not for Profit Organization shall file the draft fund raising document with the Social Stock Exchange where it is registered along with the fees as specified by the Social Stock Exchange and an application seeking in-principle approval for listing of its Zero Coupon Zero Principal Instruments on the Social Stock Exchange: Provided that Social Stock Exchange shall specify the details to be incorporated in the fund raising document: Provided further that the Board shall specify the minimum disclosure requirements in respect of the fund raising document from time to time. (2) The draft fund raising document shall be made available on the website of the Social Stock Exchange and the Not for Profit Organization for a period of at least 21 days for public comments. (3) The Social Stock Exchange shall provide its observation on the draft fund raising document to the Not for Profit Organization, within 30 days from the filing of the draft fund raising document or receipt of clarification, if any, sought by the Social Stock Exchange from Not for Profit Organization, whichever is later. (4) The Not for Profit Organization shall incorporate the observations of the Social Stock Exchange in draft fund raising document and file the final fund raising document with the Social Stock Exchange prior to opening the issue. ]
|
