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<h1>SEBI Mandates DLT for Non-Convertible Securities Monitoring: Issuers Must Record Assets with Unique IDs by Sept 30, 2022.</h1> The circular issued by SEBI outlines operational guidelines for monitoring securities and covenants using Distributed Ledger Technology (DLT), effective April 1, 2022. It mandates issuers of non-convertible securities to record asset details in a DLT system, assigning a unique Asset ID to each asset to prevent duplication. The guidelines specify the parameters for asset tracking, monitoring, and trigger events, and detail the responsibilities of issuers, debenture trustees, and depositories. Modifications to previous SEBI circulars are noted, and compliance deadlines are set for issuers to enter asset details into the DLT system by September 30, 2022.