Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
Nominee director: the debenture trustee's seat
A debenture trustee can put a nominee director on a defaulting issuer's board. The three trigger events, the Articles of Association duty, and who complies how.
What is the Settlement Guarantee Fund? LPCC repo
Debt issuers pay 0.5 basis points upfront into the LPCC's Settlement Guarantee Fund for corporate bond repo. Who collects it, when, and on what basis.
What is a debenture trust deed? SEBI format rules
A debenture trust deed binds the issuer to the debenture trustee. SEBI's specified format, the key summary sheet for deviations, and clauses that are void.
Retail individual investor: SEBI's new debt term
SEBI defined retail individual investor in the NCS Regulations in January 2026 and let debt issuers pay them incentives. The Rs 2 lakh test explained.
Liquidity window vs put option: how they differ
A liquidity window is built from put options but adds a 10% floor, fixed schedules, capped pricing and public disclosure. The differences, clause by clause.
Market linked debentures vs NCD: the differences
An MLD pays a market linked return, a plain NCD pays a stated coupon. Net worth bars, PP-MLD ratings, weekly valuation and disclosure duties compared.
How to read the corporate bond database
A field-level guide to SEBI's centralised corporate bond database: the three annexures, who verifies what, the update clocks, and where the timelines conflict.
What are green debt securities? SEBI's 13 categories
Green debt securities are defined by Regulation 2(1)(q) of SEBI's NCS Regulations, 2021 across 13 project categories. What issuers must disclose, and when.
What is a transition bond? SEBI's GB-T rules
A transition bond funds a shift to more sustainable operations under SEBI rules. The GB-T denotation, the transition plan, and the annual disclosures explained.
What are social bonds? SEBI's 2025 ESG framework
Social bonds fund projects addressing a social issue, under SEBI's framework of 5 June 2025. The six eligible categories, disclosures and reviewer rules.
What is a sustainability-linked bond? KPIs and SPTs
A sustainability-linked bond ties its coupon or structure to targets, not to a use of proceeds. SEBI's KPI and SPT disclosure rules, in force since June 2025.
What is the Electronic Book Provider platform (EBP)?
The Electronic Book Provider platform is where large private placements of Indian debt are bid. The Rs 20 crore threshold, bidding rules and post-issue data.
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