LISTING OF PRIVATE PLACEMENT OF DEBT SECURITIES AND NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES - Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021
LISTING OF PRIVATE PLACEMENT OF DEBT SECURITIES AND NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES - Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021
Due diligence certificate by debenture trustee confirms complete disclosures and execution of debenture trust deed before listing progression. The schedule requires the Debenture Trustee to certify at draft filing and at listing-application filing that, after document examination and independent ... Summary
Due diligence certificate by debenture trustee confirms complete disclosures and execution of debenture trust deed before listing progression.
The schedule requires the Debenture Trustee to certify at draft filing and at listing-application filing that, after document examination and independent verification, (i) disclosures in the offer document about debt securities and covenants in the debenture trust deed are true, fair and adequate and that the issuer has undertaken to execute the trust deed before listing application, and (ii) the debenture trust deed has been executed as per offer terms and the issuer has made all relevant disclosures and maintains its obligations to debt holders.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.