TMI BlogRight to recall or redeem prior to maturityX X X X Extracts X X X X X X X X Extracts X X X X ..... ities prior to the maturity date (call option); or, (b) shall have a right to provide such right of redemption of debt securities prior to the maturity date (put option) to all the investors or only to retail investors. (2) Such right to recall non-convertible securities or redeem debt securities prior to the maturity date shall be exercised in accordance with the terms of issue and detailed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issuer shall send a notice regarding recall or redemption of non-convertible securities, prior to maturity, to all the eligible holders of such securities and the debenture trustee(s), at least twenty-one days before the date from which such right is exercisable and the notice to the eligible holders shall be sent in the following manner: (i) soft copy of such notice shall be sent to the eligi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing the details of non-convertible securities redeemed during the exercise period and details of redemption thereof; (b) inform the debenture trustee regarding the debt securities redeemed during the exercise period and details of redemption thereof; and, (c) inform the depositories for extinguishing the non-convertible securities that have been redeemed. Explanation : For the purpose of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ish national daily and regional daily having wide circulation at the place where the registered office of the issuer is situated, indicating the details of such rights and eligibility of the holders who are entitled to avail such right. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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