Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities

SEBI has issued Consultation paper on measures towards Ease of Doing Business for Non-Convertible securities. The objective of this consultation paper is to seek comments/ views/ suggestions from the public on the proposals related to the Ease of Doing Business (EoDB) for non-convertible securities. Advisory Committee(hereinafter “CoBoSAC”), the items for public comments are listed below:

1. Deletion of disclosure regarding PAN and personal address of promoters of the issuers in the offer document;
2. Disclosure in the offer document regarding time period for key operational and financial parameters;
3. Disclosure by way of QR code and web-link regarding the details of branches or units of the issuer in the offer document;
4. Alignment of disclosure requirement in the offer document regarding ‘project cost and means of financing’ with that in case of equity;
5. Relaxation in the requirement of providing certain business and commercial details in case of purchase or acquisition of immoveable property in the offer document;
6. Providing flexibility in the signatories for the purpose of providing attestation in the offer document; and
7. Modification in the timeline for submission of status regarding payment obligations to the stock exchanges by entities that have listed commercial paper.

The comments/ suggestions should be submitted through the link latest by May 30, 2024.