Presentation on LODR Fifth Amendment Regulations, 2021

Our other resources on related topics –

  1. https://vinodkothari.com/2021/09/high-value-debt-listed-entities-under-full-scale-corporate-governance-requirements/
  2. https://vinodkothari.com/2021/09/corporate-governance-enforced-on-debt-listed-entities/
  3. https://vinodkothari.com/2021/09/debt-listed-entities-under-new-requirement-of-quarterly-financial-results/
  4. https://vinodkothari.com/2021/09/full-scale-corporate-governance-extended-to-debt-listed-companies/
2 replies
  1. Kamala
    Kamala says:

    In your presentation you have mentioned about “Trading window closure”.

    Whether the Insider Trading provisions are applicable to a Company which is “High value Debt Listed” and whose equity shares are not listed.

    Reply
    • Anushka Vohra
      Anushka Vohra says:

      Kamala, as per the SEBI(Prohibition of Insider Trading) Regulations, 2015, for the term securities we need to refer to Section 2(h) of the Securities Contract (Regulation) Act, 1956 where the definition of securities have been given a wider meaning to include shares, scrips, bonds, debentures or other marketable securities of like nature. Also as per the intent of law, if a security is listed, its price is subject to change and will be impacted by price sensitive information. Hence, Insider Trading provisions are applicable to an entity whose debt securities are listed including High Value Debt Listed Entities.

      Reply

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