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Timeline extension for debenture trustees compliance: relaxations granted for reporting, disclosures, and certificates due to Covid-19 disruptions. Extension of compliance timelines granted to debenture trustees for specified reporting, certification and disclosure obligations due to Covid-19 disruptions. Covered submissions include Asset Cover Certificate, statements of value of pledged securities and DSRA, guarantor net worth and financial certificates, and valuation and title search reports. The extension also applies to website disclosures such as monitoring of asset cover and quarterly compliance reports, utilization certificates, status of covenant breaches and trustee actions, and maintenance of trustee-supervised accounts. The relaxations are issued under SEBI's regulatory powers to protect investor interests and regulate the securities market.
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.
Timeline extension for debenture trustees compliance: relaxations granted for reporting, disclosures, and certificates due to Covid-19 disruptions.
Extension of compliance timelines granted to debenture trustees for specified reporting, certification and disclosure obligations due to Covid-19 disruptions. Covered submissions include Asset Cover Certificate, statements of value of pledged securities and DSRA, guarantor net worth and financial certificates, and valuation and title search reports. The extension also applies to website disclosures such as monitoring of asset cover and quarterly compliance reports, utilization certificates, status of covenant breaches and trustee actions, and maintenance of trustee-supervised accounts. The relaxations are issued under SEBI's regulatory powers to protect investor interests and regulate the securities market.
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