Reg 60(2) record date notice for a debt-listed entity
Advance notice to the stock exchange of the record date fixed for a payment on listed non-convertible securities.
3 working days before the record date
Counted from the record date, counted backwards from that date
- SEBI
- SEBI events and governance
- Not specified
- 2026-09-01
Three working days, cut from seven with effect from 13 December 2024. Reg 60(1) now points to Reg 23(7) of the NCS Regulations for how the record date is fixed. The seven-day figure that still exists elsewhere belongs to securitised debt under Reg 87(2), not to this obligation.
The period was cut from seven working days to three with effect from 13 December 2024. Reg 60(1) also stopped setting out how to fix the record date and now cross-refers to Reg 23(7) of the NCS Regulations.
Deadlines counted from an event
At least three working days before the record date, notify the stock exchange of the record date fixed for the purpose of payment of interest, dividend or redemption. Substituted from seven working days with effect from 13 December 2024. Reg 60(1) cross-refers to Reg 23(7) of the NCS Regulations for fixing the record date.
The rule
At least three working days before the record date, notify the stock exchange of the record date fixed for the purpose of payment of interest, dividend or redemption. Substituted from seven working days with effect from 13 December 2024. Reg 60(1) cross-refers to Reg 23(7) of the NCS Regulations for fixing the record date.
Who must comply
- An entity with listed non-convertible securities
- A record date fixed for the payment of interest, dividend or redemption on those securities
- This period does not govern an Indian depository receipt, where Reg 78(2) sets four working days, or securitised debt, where Reg 87(2) sets seven working days.
Statutory basis
Before you file
- Fix the record date under Reg 23(7) of the NCS Regulations.
- Count three working days backwards from that date.
- Prepare the notice for the stock exchange.
How to file
- Fix the record date.
- Notify the stock exchange at least three working days before it.
- Submit the Reg 57 payment certificate when the payment becomes due.
Stock exchange electronic filing system
If you miss it
No per-day exchange fine is asserted here, because this provision is not on the fine table we have verified. SEBI adjudicates a late or missed disclosure under section 15A(b) of the SEBI Act, which reaches ₹1 lakh for each day the failure continues and is capped at ₹1 crore. Section 23E of the Securities Contracts (Regulation) Act is the other head, at not less than ₹5 lakh and up to ₹25 crore for a breach of listing conditions. Orders in this area normally land in lakhs rather than near the ceiling.
- The exchange records the default in the entity's compliance history, and a repeated default feeds SEBI's decision to adjudicate
- The disclosure still has to be made after the deadline passes, and it has to carry an explanation for the delay
- Disclosing favourable events on time while letting unfavourable ones slip is charged as a breach of Reg 4(1)(d) in its own right, alongside the specific provision
Recent changes affecting this
Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
Master Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper
Common questions
Is the notice seven working days?
Not since 13 December 2024. It is three working days. The seven-day figure that survives in LODR applies to securitised debt under Reg 87(2), and Indian depository receipts take four working days under Reg 78(2).