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)
Due diligence certificate by debenture trustee confirms security creation, trust deed execution and required disclosures for debt issues. The prescribed due diligence certificate requires the debenture trustee to confirm examination and independent verification of issue documents and to certify that the issuer has provided for adequate security, obtained necessary permissions for creating security, disclosed security arrangements and covenants in the offer document, undertaken to create the charge before listing application, and, at listing-filing, to confirm creation and registration of the charge and execution of the debenture trust deed with true, fair and adequate disclosures.
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.
Due diligence certificate by debenture trustee confirms security creation, trust deed execution and required disclosures for debt issues.
The prescribed due diligence certificate requires the debenture trustee to confirm examination and independent verification of issue documents and to certify that the issuer has provided for adequate security, obtained necessary permissions for creating security, disclosed security arrangements and covenants in the offer document, undertaken to create the charge before listing application, and, at listing-filing, to confirm creation and registration of the charge and execution of the debenture trust deed with true, fair and adequate disclosures.
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