The notification issued on Monday amended regulation 54 wherein in the heading, the words “Asset Cover” shall be replaced with the words “Security Cover”.
Further, in sub-regulation (1), a. before the words and symbols “listed non-convertible debt securities”, the word “secured” shall be inserted; b. the words “asset cover or higher asset cover” shall be replaced with the word “security cover or higher security cover”; c. after the words “principal amount”, the words “and the interest thereon” shall be inserted.
It also amended regulation 56, in sub-regulation (1), in clause (d), the words “asset cover or higher asset cover” shall be replaced with the words “security cover or higher security cover”.
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