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 SEBI/HO/DDHS/DDHS/CIR/P/2020/231 dated November 13, 2020 MANU/SDIP/0013/2020  Superceded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........