The provisions of SEBI Listing Regulations, 2015, shall not be applicable to "perpetual debt instrument" and "perpetual non-cumulative preference shares" listed by Banks. Comment.

The statement is wrong. Chapter V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 provides for obligations of listed entity which has listed its non-convertible debt securities or non-convertible redeemable preference shares or both. The provisions of this chapter shall also be applicable to "perpetual debt instrument" and "Perpetual non-cumulative preference share" listed by banks. Further, Chapter V of these regulations deals with the provisions which are applicable to perpetual debt instrument" and "perpetual non-cumulative preference share" listed by banks relating to the following: Intimation to stock exchange(s), Disclosure of information having bearing on performance/operation of listed entity and/or price sensitive information Financial Results Annual Report Asset Cover Documents and Intimation to Debenture Trustees Other submissions to stock exchange(s) Documents and information to holders of non-convertible debt securities and nonconvertible preference shares Structure of non-convertible debt securities and non-convertible redeemable preference shares Record Date Terms of non-convertible debt securities and non-convertible redeemable preference shares Website etc.