Section 61: Terms of non convertible debt securities and non convertible redeemable preference shares

Q: What does Section 61 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) deal with?

Section 61 LODR Regulations pertains to "Terms 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 61 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) governs terms of non convertible debt securities and non convertible redeemable preference shares. As verified on 19 May 2026.

Q: Is Section 61 LODR Regulations still in force?

Yes, Section 61 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is currently in force across the Republic of India.

Q: What is धारा 61 LODR Regulations?

धारा 61 LODR Regulations is the Devanagari Hindi reference for Section 61 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Section 61 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) governs terms of non convertible debt securities and non convertible redeemable preference shares. As verified on 19 May 2026.

Q: What is Dhara 61 LODR Regulations?

Dhara 61 LODR Regulations is the Roman Hindi reference for Section 61 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. "Dhara" means "Section" in Hindi. Section 61 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) governs terms of non convertible debt securities and non convertible redeemable preference shares. As verified on 19 May 2026.

Q: How to cite Section 61 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015?

Cite as: "Section 61, 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, § 61 (India).

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(1)

The listed entity shall ensure timely payment of interest or dividend of non-convertible redeemable preference shares or redemption payment:

Provided that the listed entity shall not declare or distribute any dividend wherein it has defaulted in payment of interest on debt securities or redemption thereof or in creation of security as per the terms of the issue of debt securities:

Provided further that this requirement shall not be applicable in case of unsecured debt securities issued by regulated financial sector entities eligible for meeting capital requirements as specified by respective regulators.

(2)

The listed entity shall not forfeit unclaimed interest/dividend and such unclaimed interest/dividend shall be transferred to the `Investor Education and Protection Fund' set up as per Section 125 of the Companies Act, 2013.

(3)

Unless the terms of issue provide otherwise, the listed entity shall not select any of its listed securities for redemption otherwise than pro rata basis or by lot.

(4)

The listed entity shall comply with requirements as specified in regulation 40 for transfer of securities including procedural requirements specified in Schedule VII.