In its circular, Sebi said the Listing Obligations and Disclosure Requirements (LODR) norms mandate entities with listed non-convertible securities to report the status of their payment obligations (payment of interest or dividends or repayment or redemption of principal) within one business day of the due date of their payment.
Previously, the rule required issuers of listed commercial papers to submit a certificate confirming compliance with their payment obligations within two days of the payment due.
Sebi said it has amended the rule to align the timeline for notification to stock exchanges about the status of payment obligations of listed non-convertible securities and listed securities. commercial paper.
The change will apply to entities that report the payment of interest, dividends or the repayment of principal amounts.
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