Roll-over of debt securities

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..... The issuer shall redeem the debt securities in terms of the offer document. (2) Where the issuer intends to roll-over debt securities of a particular International Securities Identification Number, it shall do so only upon giving fifteen days notice for the proposed roll over. (3) The roll-over shall be approved by a majority of holders holding not less than three-fourths in value through p .....

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..... ) The issuer shall on completion of the roll over, intimate the stock exchange(s) about the roll-over of the debt securities. (8) The issuer shall create and maintain adequate security in respect of such debt securities to be rolled over. (9) The issuer shall redeem the debt securities of all such holders, who have not given their positive consent for the roll-over. - - statute, statutor .....

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