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<h1>Entities Can Raise Funds via Securitized Debt Instruments; Must Follow SEBI Rules, Maintain Separate Accounts for Each Scheme</h1> A special purpose distinct entity can raise funds by offering securitized debt instruments through schemes, adhering to the Securities and Exchange Board of India regulations. Each scheme must have separate accounts, avoiding the mixing of assets or revenues. The entity and its trustees must ensure that debt collections are used for redeeming issued instruments, paying returns, or covering permissible expenses. The terms may include a clean-up call option, provided it is disclosed. Expenses charged to a scheme must not exceed specified limits, with any excess costs borne by the trustees.