SEBI: Non-convertible preference shares (NCPSs) shall be treated as debt instruments
Mar 05 2021
News Category: Regulatory Updates
SEBI, in its latest circular on mutual fund has decided that non-convertible preference shares (NCPSs) shall be treated as debt instruments and hence investment restrictions as applicable on debt instruments as specified in MF Regulations & circulars issued thereunder shall also be applicable to NCPSs.