Moon Light Limited is a Listed company, with National Stock Exchange. For last couple of quarters, due to blockage of its funds in strategic assets and investments, it is going through liquidity crunch. Recently, its new
CS Executive · Capital Market and Securities Laws · PYQS · December 2025
Moon Light Limited is a Listed company, with National Stock Exchange. For last couple of quarters, due to blockage of its funds in strategic assets and investments, it is going through liquidity crunch. Recently, its newly joined Finance Director suggested to raise fund by issuing of Commercial Papers valued ₹ 37 crores. In the last Board meeting, Directors have approved this proposal and also suggested to get these Commercial Papers listed. You being the Company Secretary, list the conditions prescribed in Chapter VI of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 to be fulfilled by the company for getting these Commercial Papers listed.
Answer & Explanation:
Under Chapter VI of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, various conditions to be fulfilled by an issuer of Commercial Papers, to get them listed, are as follows: Issuer desirous of listing of commercial paper shall comply with the conditions as may be specified by the SEBI from time to time, An issuer that has filed a general information document under these regulations and subsequently intends to issue commercial paper and seeks listing thereof, during the validity period of such general information document, shall file a key information document with the disclosures as may be specified by SEBI, An issuer that has filed a shelf prospectus in case of public issue under these regulations and subsequently intends to issue Commercial Paper and seeks listing thereof, during the validity period of such shelf prospectus, shall not be required to file a general information document so long as the key information document is filed in accordance with these regulations, The designated stock exchange shall collect a regulatory fee as specified in the regulations from an issuer of commercial paper at the time of their listing, The issuer shall apply for Securities and Exchange Board of India Complaints Redress System (SCORES) authentication in the format specified by SEBI and shall use the same for issuance and listing of commercial paper.
Topics: Non-Convertible Securities
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