Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Amends Debt Listing Rules: 100% Asset Cover, Half-Yearly Certificates, and New Disclosure Requirements Now Mandatory.</h1> The circular issued by SEBI outlines amendments to the Simplified Debt Listing Agreement for Debt Securities. Key changes include the requirement for issuers to maintain 100% asset cover to align with the Companies Act, 1956, and provide detailed disclosures about security. Issuers must submit half-yearly certificates on asset cover maintenance, except for banks, NBFCs, and government-guaranteed bonds. A statement on deviations in the use of issue proceeds is now mandatory. Issuers must deposit 1% of issue proceeds with the exchange to protect investors. Financial statements must be submitted within specified timelines, and these amendments take immediate effect.