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SEBI - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Decision to write off Additional Tier 1 (AT-1) bonds - Validity ...

SEBI

February 9, 2023

Decision to write off Additional Tier 1 (AT-1) bonds - Validity of agreement - Scope of Master Circular of RBI - The covenant and the terms in the Information Brochure i.e. between the parties is based on statutory Master Circular. Information Memorandum and its clauses refer to Master Circular. The said Information Brochure has a statutory flavour. It is based on the statutory Master Circular. In that event, the agreement would have a statutory base and such an agreement can certainly be enforceable. - HC

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