TMI BlogObligations of the listed entityX X X X Extracts X X X X X X X X Extracts X X X X ..... (1) The listed entity shall ensure that the process of obtaining necessary approval from all holders of nonconvertible debt securities or non-convertible redeemable preference shares commences within three working days of the grant of in-principle approval by the stock exchange(s). (2) All the events in respect of the proposal of delisting for non-convertible debt securities or nonconvertibl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able preference shares are sought to be delisted together with the details of all such securities or shares that are sought to be delisted; (b) the cut-off date specified for determining the list of holders of non-convertible debt securities or non-convertible redeemable preference shares to whom notice for approving the delisting proposal is mandated to be sent; (c) the objects and reasons ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ism for any reason including change/ removal of the debenture trustee or in case of default, such as dispute resolution mechanism, grievance redress mechanism (SCORES), etc. under the Act and the rules and regulations made thereunder. ; (f) a statement by the board of directors of the listed entity confirming that all material information which is required to be disclosed under the provisions o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ide letters or otherwise which leads to the discrimination amongst the investors; (k) a statement by the board of directors of the listed entity certifying that: - (i) the entity is in compliance with the applicable provisions of securities laws; and (ii) the delisting, in their opinion (with detailed explanation), is in the interest of the holders of the non-convertible debt securities o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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