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 complete disclosures and execution of debenture trust deed before listing progression. The schedule requires the Debenture Trustee to certify at draft filing and at listing-application filing that, after document examination and independent verification, (i) disclosures in the offer document about debt securities and covenants in the debenture trust deed are true, fair and adequate and that the issuer has undertaken to execute the trust deed before listing application, and (ii) the debenture trust deed has been executed as per offer terms and the issuer has made all relevant disclosures and maintains its obligations to debt holders.
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 complete disclosures and execution of debenture trust deed before listing progression.
The schedule requires the Debenture Trustee to certify at draft filing and at listing-application filing that, after document examination and independent verification, (i) disclosures in the offer document about debt securities and covenants in the debenture trust deed are true, fair and adequate and that the issuer has undertaken to execute the trust deed before listing application, and (ii) the debenture trust deed has been executed as per offer terms and the issuer has made all relevant disclosures and maintains its obligations to debt holders.
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