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 (Regulation) Rules, 1957, SEBI relaxed the strict enforcement of:

(1) Sub-rules (1) and (3) of rule 19 of the said rules in relation to listing of debt securities issued by way of a public issue or a private placement.

(2) Clause (b) of sub-rule (2) of rule 19 of the said Rules in relation to listing of debt securities–

(i) Issued by way of a private placement by any Company.

(ii) Issued to public by an infrastructure company, a Government Company, a statutory authority or corporation or any special purpose vehicle set up by any of them, which is engaged in infrastructure sector.