Definitions clarifying change in control and associate shape regulatory duties of debenture trustees under SEBI rules. Regulation 2 defines core terms for the debenture trustee regime, including debenture trustee, debenture, trust deed, principal officer, networth, ... Summary
Definitions clarifying change in control and associate shape regulatory duties of debenture trustees under SEBI rules.
Regulation 2 defines core terms for the debenture trustee regime, including debenture trustee, debenture, trust deed, principal officer, networth, recognised stock exchange, and specifies that undefined expressions take meanings from the Act; it also defines associate and change in control with distinct constructions for listed and unlisted entities and treats "issue" to include public offers and private placements seeking listing.
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