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<h1>SEBI Sets Due Diligence Certificate Formats for Lead Managers and Debenture Trustees Under 2018 Regulations</h1> The Securities and Exchange Board of India (SEBI) outlines formats for due diligence certificates required from lead managers and debenture trustees for public issues under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. These certificates confirm examination of documents, legal compliance, and adequacy of disclosures for investor decision-making. Lead managers must verify intermediary registrations, underwriter capabilities, and promoter contributions, ensuring funds are managed according to legal requirements. Debenture trustees confirm security provisions for debt instruments. The regulations mandate compliance with disclosure norms and agreements for dematerialization, with specific due diligence processes documented and submitted to SEBI.