SEBI Regulations on Shelf Prospectus
The Securities Exchange Board of India (SEBI) has issued the SEBI (Issue and Listing of Debt Securities) (Amendment) Regulations, 2014 which prescribes the classes of companies or entities who may file shelf prospectus under section 31 of the Companies Act, 2013. These regulations permit not only existing listed companies meeting certain criteria but also banks, infrastructure debt funds, public financial institutions etc to file a shelf prospectus which would save time and efforts of all those involved in the public issue of debt securities and their listing.
© 2018 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.