MANU/SDIP/0006/2021
Ministry : Securities and Exchange Board of India
Department/Board : Department of Debt and Hybrid Securities
Circular No. : SEBI/HO/DDHS_Div2/P/CIR/2021/699
Date : 29.12.2021
Notification/ Circulars Referred : Circular no. SEBI/HO/DDHS/DDHS/CIR/P/2020/231 dated November 13, 2020 MANU/SDIP/0013/2020;Circular no. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020 MANU/SSMD/0006/2020;Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 MANU/SDEP/0007/2021
Citing Reference:
Circular no. SEBI/HO/DDHS/DDHS/CIR/P/2020/231 dated November 13, 2020 MANU/SDIP/0013/2020 Superceded
Circular no. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020 MANU/SSMD/0006/2020 Referred
Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 MANU/SDEP/0007/2021 Referred
To,
All Recognized Stock Exchanges
All Depositories
All issuers of listed Non-Convertible Securities
All Issuers of listed Commercial Papers
Sir/Madam,
Non-compliance with provisions related to continuous disclosures
1. SEBI vide circular no. SEBI/HO/DDHS/DDHS/CIR/P/2020/231 dated November 13, 2020 prescribed a uniform structure for levying fines and taking action for non-compliance with continuous disclosure requirements specified under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), by the issuers of listed Non-Convertible Securities and/or Commercial Papers.
2. Pursuant to the recent amendments to SEBI LODR
Regulations, it has been decided to issue the present circular in supersession
of the aforesaid circular bearing number SEBI/HO/DDHS/DDHS/CIR/P/2020/231 dated
November 13, 2020.
3. In view of the above, in the in........