close
Share with your friends

SEBI mandates disclosure on loan defaults by listed entities and other updates

SEBI mandates disclosure on loan defaults

On 20 November 2019, the Securities and Exchange Board of India (SEBI) in its board meeting approved certain matters relating to disclosures on loan defaults, portfolio managers and rights issue.

1000

Also on home.kpmg

On 20 November 2019, the Securities and Exchange Board of India (SEBI) in its board meeting approved certain matters relating to disclosures on loan defaults, portfolio managers and rights issue. 

To bring effect to proposal approved in board meeting, SEBI through its circular dated 21 November 2019 mandated listed entities to provide disclosure to the stock exchanges when there is a default in payment of interest/instalment obligations on loans, including revolving facilities like cash credit, from banks/financial institutions and unlisted debt securities.

The provisions of the circular are effective from 1 January 2020.

This issue of First Notes provides an overview of the SEBI circular and other decisions approved at the SEBI board meeting.

To access the text of the SEBI circular, please click here.

To access the press release of SEBI board meeting, please click here.

You can reach us for feedback and questions at aaupdate@kpmg.com.

© 2020 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.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal