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of <h1>Regulation 43: Issuers Must Disclose Asset Charges for Secured Debt, Ensure Security Cover, and Obtain Permissions if Encumbered.</h1> Regulation 43 of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, outlines the conditions for creating security for secured debt securities. Issuers can create a charge or security over various assets, including those of subsidiaries or related companies. The charge must be disclosed in the offer document and Debenture Trust Deed, ensuring the assets meet the required security cover and are free from encumbrances. If encumbered, necessary permissions from existing creditors must be obtained before creating further charges. This regulation was amended in 2022 to refine these requirements.
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