Section 59: Structure of non convertible debt securities and non convertible redeemable preference shares

Q: What does Section 59 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) deal with?

Section 59 LODR Regulations pertains to "Structure of non convertible debt securities and non convertible redeemable preference shares". It is part of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a legislation enacted by the Parliament of India. Section 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) governs structure of non convertible debt securities and non convertible redeemable preference shares. As verified on 19 May 2026.

Q: Is Section 59 LODR Regulations still in force?

Yes, Section 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is currently in force across the Republic of India.

Q: What is धारा 59 LODR Regulations?

धारा 59 LODR Regulations is the Devanagari Hindi reference for Section 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Section 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) governs structure of non convertible debt securities and non convertible redeemable preference shares. As verified on 19 May 2026.

Q: What is Dhara 59 LODR Regulations?

Dhara 59 LODR Regulations is the Roman Hindi reference for Section 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. "Dhara" means "Section" in Hindi. Section 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) governs structure of non convertible debt securities and non convertible redeemable preference shares. As verified on 19 May 2026.

Q: How to cite Section 59 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015?

Cite as: "Section 59, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)" in legal briefs. For academic writing, use the BlueBook format: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, § 59 (India).

Law on Tips Editorial Board

(1)

The listed entity shall not make material modification without prior approval of the stock exchange(s) where the non convertible debt securities or non-convertible redeemable preference shares, as applicable, are listed, to :

(a) the structure of the debenture in terms of coupon, conversion, redemption, or otherwise.

(b) the structure of the non-convertible redeemable preference shares in terms of dividend of non-convertible preference shares payable, conversion, redemption, or otherwise.

(2)

The approval of the stock exchange referred to in sub-regulation (1) shall be made only after:

(a) approval of the board of directors and the debenture trustee in case of non-convertible debt securities and

(b) after complying with the provisions of Companies Act, 2013 including approval of the consent of requisite majority of holders of that class of securities.