Section 17A of SCRA : Section 17A: Public Issue And Listing Of Securities Referred To In Sub-Clause (Ie) Of Clause (H) Of Section 2
SCRA
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Explanation using Example
Imagine a company called FutureTech Innovations, which specializes in renewable energy technology, wants to issue a new type of bond to raise capital for a large-scale solar farm project. These bonds are structured as asset-backed securities, a category of securities referred to in sub-clause (ie) of clause (h) of Section 2 of the Securities Contracts (Regulation) Act, 1956.
Before FutureTech can offer these bonds to the public, they must meet the eligibility criteria and comply with requirements set by the Securities and Exchange Board of India (SEBI) accordi...
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