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 Updates Security Cover Certificate Format and Monitoring Timelines for Listed Non-Convertible Securities; New Rules Effective October 2022.</h1> The Securities and Exchange Board of India (SEBI) issued a circular revising the format for security cover certificates and monitoring timelines for entities with listed non-convertible securities. The circular addresses operational challenges and incorporates recommendations from a working group. Key changes include a revised format for security cover certificates, mandatory quarterly preparation and submission by listed entities, and certification by statutory auditors. Debenture Trustees must also certify security cover and monitor covenant breaches, reporting quarterly. The circular mandates disclosure of no-objection certificates and breaches, and revises timelines for submission of security cover certificates and compliance reports. The provisions are effective from October 1, 2022, with immediate effect for other changes.