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        SEBI

        Regulation 4D - Debenture trustee

        Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
        Chapter II
        ELIGIBILITY AND CONDITIONS

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        Debenture trustee requirement: issuers must appoint a registered debenture trustee for municipal debt securities under SEBI rules. Issuers of municipal debt securities must appoint a debenture trustee registered with the Board in accordance with the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, pursuant to Regulation 4D of the SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Debenture trustee requirement: issuers must appoint a registered debenture trustee for municipal debt securities under SEBI rules.

                              Issuers of municipal debt securities must appoint a debenture trustee registered with the Board in accordance with the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, pursuant to Regulation 4D of the SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015.


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