Chapter III - PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES
Part A - PROVISIONS APPLICABLE TO PUBLIC ISSUE AND LISTING OF DEBT SECURITIES AND NON CONVERTIBLE REDEEMABLE PREFERENCE SHARES (From Regulation 25 to Regulation 38)
Regulation 40 - Due Diligence by Debenture trustee
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Part B ADDITIONAL CONDITIONS APPLICABLE TO A PUBLIC ISSUE AND LISTING OF DEBT SECURITIES
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Debenture trustee due diligence: trustees must submit certificate formats for secured and unsecured debt at filing and listing stages. Regulation 40 requires the debenture trustee to furnish to the Board and the stock exchange(s) a due diligence certificate when filing the draft offer document and prior to opening the public issue, with distinct formats for secured and unsecured debt securities as set out in the relevant Parts of the Schedules; a similar certificate is required at the time of filing the listing application, and the stock exchange must disclose the offer document and these certificates on its website.
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 due diligence: trustees must submit certificate formats for secured and unsecured debt at filing and listing stages.
Regulation 40 requires the debenture trustee to furnish to the Board and the stock exchange(s) a due diligence certificate when filing the draft offer document and prior to opening the public issue, with distinct formats for secured and unsecured debt securities as set out in the relevant Parts of the Schedules; a similar certificate is required at the time of filing the listing application, and the stock exchange must disclose the offer document and these certificates on its website.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.