CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
Debenture redemption reserve required under companies law; dividend distribution needs debenture trustees' approval if issuer defaults. Issuers must create a Debenture Redemption Reserve for redemption of debt securities in accordance with the Companies Act and Central Government ... Summary
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Debenture redemption reserve required under companies law; dividend distribution needs debenture trustees' approval if issuer defaults.
Issuers must create a Debenture Redemption Reserve for redemption of debt securities in accordance with the Companies Act and Central Government circulars. If the issuer defaults on interest payment, redemption, or on creation of security as per issue terms, any dividend distribution requires approval of the debenture trustees.
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