The Government has notified the Securities Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015.
The notification issued on Monday amended regulation 54 wherein in the heading, the words “Asset Cover” shall be replaced with the words “Security Cover”.
Further, in sub-regulation (1), a. before the words and symbols “listed non-convertible debt securities”, the word “secured” shall be inserted; b. the words “asset cover or higher asset cover” shall be replaced with the word “security cover or higher security cover”; c. after the words “principal amount”, the words “and the interest thereon” shall be inserted.
It also amended regulation 56, in sub-regulation (1), in clause (d), the words “asset cover or higher asset cover” shall be replaced with the words “security cover or higher security cover”.
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