Disclaimer

This website is only for informational purposes. Visitors are requested to note that the information is intended to be correct, complete, and up-to-date. Juris Corp does not warrant that the information contained on this website is accurate or complete, and disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause.

This website is not intended to be a source of advertising or solicitation. The reader must not consider the information contained herein to be an invitation for a lawyer-client relationship, must not rely on information provided herein and must seek independent advice. Transmission, receipt or use of any information on this website does not constitute or create a lawyer-client relationship. No recipients of content from this website should act or refrain from acting, based upon any or all of the contents of this website.

Furthermore, Juris Corp does not wish to represent anyone desiring representation based solely upon viewing this web site. Finally, the reader is warned that the use of e-mail for confidential or sensitive information is susceptible to inherent risks of lack of confidentiality associated with sending e-mail over the internet.

By clicking on the "I understand and agree" button below, the user acknowledges that:

  • This website is not a mode of advertisement, promotion, personal communication, or solicitation of any sort whatsoever and the user wishes to gain information about us for his/her own reasons;
  • Entering into this website does not establish a lawyer-client relationship.

We are not liable for any consequence of any action taken by the user relying on information provided under this website. In cases where the user has any legal issues, he/she must seek independent legal advice.

JC - Legal Updates - Corporate Bond Investment - ticket size slashed to INR 1 Lakh by SEBI

Legal Updates

31 Oct 2022

Corporate Bond Investment - ticket size slashed to INR 1 Lakh by SEBI

Brief Overview:

The minimum face value for the listed non-convertible debentures (‘NCDs’) and non-convertible redeemable preference shares being issued on a private placement basis lowered from INR 10 Lakhs to INR 1 Lakh.

Technical Details:

The issuers of listed NCDs will be able to issue them with lower face value from 1st January 2023. This move of lowering the ticket size of investment will encourage more participation from retail and non-institutional investors.

This change is introduced by the Securities and Exchange Board of India vide its circular dated 28th October 2022.

For further details, please see:

SEBI | Issuance of NCS

For any queries / clarifications, please feel free to ping us and we will be happy to chat:

●  Ms. Apurva Kanvinde(apurva.kanvinde@jclex.com)

●  Mr. Smit Parekh (smit.parekh@jclex.com)