Short title and commencement — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

Short title and commencement (1) These regulations may be called the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. These regulations shall come into force on the seventh day from the date of its publication in the Official Gazette. Definitions (1) In these regulations, unless the context otherwise requires: (a) "abridged prospectus" means a memorandum accompanying the application form for a public issue containing such salient features of a prospectus as specified by the Board; (b) “Act” means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (c) "advertisement" means and includes notices, brochures, pamphlets, show cards, catalogues, hoardings, placards, posters, insertions in newspaper, pictures, films, websites or in any other print or digital medium, radio, television programmes through any electronic medium; (d) "arranger", in relation to a private placement of non-convertible securities, means a merchant banker or a broker registered with the Board, a primary dealer registered with Reserve Bank of India, who, prior to acting as an arranger in an issue of nonconvertible securities is appointed by the issuer to act as such on behalf of the persons eligible to participate on the electronic book provider platform; (e) "Board" means the Securities and Exchange Board of India established under the provisions of Section 3 of the Act; (f) "book building" means a process undertaken to elicit demand and to assess the price for determination of the quantum or value of the non-convertible securities, in THE GAZETTE OF INDIA EXTRAORDINARY PART III – SECTION 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 9 th August, 2021 SECURITIES AND EXCHANGE BOARD OF INDI