(1) An issuer making a private placement of debt securities and seeking listing thereof on a recognised stock exchange may file a Shelf Disclosure Document containing disclosures as provided in Schedule I.
(2) An issuer filing a Shelf Disclosure Document under sub-regulation (1), shall not be required to file disclosure document, while making subsequent private placement of debt securities for a period of 180 days from the date of filing of the shelf disclosure document:
Provided that the issuer while making any private placement under Shelf Disclosure Document, shall file with the concerned stock exchange updated disclosure document with respect to each tranche, containing details of the private placement and material changes, if any, in the information provided in Shelf Disclosure Document.]
Relaxation of strict enforcement of rule 19 of Securities Contracts (Regulation) Rules, 1957
22. In exercise of the powers conferred by sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957, the Board hereby relaxes the strict enforcement of: (a) sub-rules (1) and
(3) of rule 19 the said rules in relation to listing of debt securities issued by way of a public issue or a private placement;
(b) clause (b) of sub-rule (2) of rule 19 of the said Rules in relation to listing of debt securities, (i) issued by way of a private placement by any issuer;
(ii) issued to public by an infrastructure company, a Government company, a statutory authority or corporation or any special purpose vehicle set up by any of them, which is engaged in infrastructure sector.
Explanation: For the purposes of this regulation the terms ‘infrastructure company’ and ‘infrastructure sector’ shall have the same meaning as assigned to them under the SEBI (Disclosure and Investor Protection) Guidelines, 2000 or any successor thereof.
CHAPTER IV CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES Continuous Listing Conditions