Compliance track for NC Debentures & NC Redeemable Preferences Shares of Listed Entities

A. Annual General Meeting(AGM) : SEBI Listing Regulations 2015 (LODR)

S No.

Regulation/Part/Schedule

SEBI (LODR) requirement

Time period

Due date

1.

Schedule III, Part A, Para A (13) of

Proceedings of AGM to be sent to the Stock Exchanges

Within 24 hours of conclusion of AGM

Event base

2.

Regulation 44(3)

Submit to Stock Exchanges

Within 48 hours of conclusion of AGM

Event base

B.  “NC Debentures & NC Redeemable Preferences Shares.” SEBI Listing Regulations 2015 (LODR)

1.

Regulation 7(2) & (3) Submit a compliance certificate for share transfer to Stock Exchange

April-September,

Within 1 Month of end of half year

31^st October

October-March

30^th April

2.

Regulation 13(3) Grievance Redressal Mechanism –

April –June

Within 21 days from quarter end..

21^st  July

July-September

21^st October

October – December

21^st  January

January-March

21^st  April

3.

Regulation 50(1)

Prior intimation for payment of interest/Redemption amount

At least 11 days prior to date of payment of Interest/Redemption amount

At least 11 days prior to payment date

4.

Regulation 52(1) Half yearly un-audited or audited Financial Results

April-September

Within 45 days from end of half year

14^th November

October-March

15^th May

5.

Regulation 52(8)

Publication of financial result

within 2 calendar days of conclusion of Board Meeting

within 2 calendar days

6.

Regulation 54(2)

Company has to submit with Stock Exchange a financial statement of security created

Quarterly, half yearly, annually

End of Each quarter End of half year and Annually

7.

Regulation 55

Credit Rating

Reviewed at least once in a year

Reviewed at least once in a year

8.

Regulation 56(1)(d)

Half-yearly certificate for maintenance of 100% asset cover

Not applicable to BANKS & NBFCs registered with RBI or bonds are held by Govt.

Half-yearly

Half-yearly

9.

Regulation 57(1)

Certificate of timely payment of the interest or principal or both

within 2 days of becoming due

within 2 days of becoming due

10.

Regulation 57(2)

Undertaking to stock exchange for compliance of documents to Deb. Trustee

Annual basis stating all documents are submitted to debenture trustees

Yearly based compliance

11.

Regulation 60 (2)

Prior intimation to SE of record date for payment of Interest(excluding the date of intimation and record date)

7 days prior to record date

7 days prior to record date

Calculation of New Face Value after redemption:

= (No. of NCDs x Old face value) – Redemption value of NCDs

No. of NCDs