RELAXATION OF STRICT ENFORCEMENT OF RULE 19 OF SECURITIES CONTRACTS (REGULATION) RULES, 1957

In exercise of the powers conferred by sub-rule (7) of rule 19 of the Securities Contracts (Regulations) Rules, 1957, SEBI hereby relaxes the strict enforcement of sub-rules (1) and (3) of rule 19 of the said rules in relation to listing of non-convertible redeemable preference shares issued by way of a public issue or a private placement.