Define the following terms : "Specified Securities" under SEBI (ICDR) Regulation, 2009.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2017
Define the following terms : "Specified Securities" under SEBI (ICDR) Regulation, 2009.
Answer & Explanation:
Under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, 'Specified Securities' means: Equity Shares: Equity shares of a company. Convertible Securities: Securities which are convertible into or exchangeable with equity shares of the issuer at a later date, with or without the option of the holder of the security. This includes convertible debt instruments and convertible preference shares. Essentially, 'Specified Securities' encompass equity and any instrument that can eventually be converted into equity, thereby affecting the shareholding structure of the company.
Topics: SEBI Regulations
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