the period of validity of such shelf prospectus i.e. one year. They are required to file only an information memorandum, containing material updations, with respect to subsequent issues.
NBFCs and other listed issuers would be eligible for filing shelf prospectus only if meet certain criteria, including having a networth of at least Rs 500 crore.
Corporate bonds accounted for 21 per cent of the overall outstanding debt of Rs 62 trillion in the country, with the rest controlled by the government securities market, according to a study by rating agency Crisil last month.