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GREEN DEBT SECURITIES

Corporate Laws / Banking / SEBI - By: - Mr. M. GOVINDARAJAN - Dated:- 5-10-2017 - A Debt security shall be considered as if the funds raised through the issuance of the debt securities are to be utilized for the project or projects and/or asset(s) falling under any of the following categories- Renewable and sustainable energy including wind, solar, bioenergy, other sources of energy which use clean technology, etc.,; Clear transportation including mass/public transportations, etc., Sustainable w .....

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India (Issue and Listing Debt Securities) Regulations, 2008 govern public issue of debt securities and listing of debt securities through public issue or on private placement basis, on a recognized stock exchange. For the issue of and listing and listing privately placement the issuer is to comply in addition to the requirements as prescribed in Securities and Exchange Board of India (Issue and Listing Debt Securities) Regulations, 2008 and circulars made there under the Board require additiona .....

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(s) fit within the eligible green projects categories; the criteria, making the project(s) and/or asset(s) eligible for using the proceeds; and environmental sustainability objectives of the proposed green investment; Issuer shall provide the details of the system/procedures to be employed for tracking the deployment of the proceeds of the issue; Details of the project(s) and/or asset(s) or areas where the issuer, proposes to utilize the proceeds of the issue of , including towards refinancing o .....

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closures along with its annual report and financial results- 1. The following shall be provided along with the half yearly and annual financial results- Utilization of the proceeds of the issue, as per the tracking done by the issuer using the internal process as disclosed in the offer document; The utilization of the proceeds shall be verified by the report of an external auditor, to verify the internal tracking method and the allocation of funds towards the project(s) and/or asset(s), from the .....

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