Extension of timeline for entering the details of the existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories
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Security and Covenant Monitoring DLT: issuers must record existing outstanding NCS in the system; debenture trustees to verify entries. Issuers must enter details of existing outstanding non-convertible securities into the Security and Covenant Monitoring DLT system within the extended timeline; debenture trustees must verify those entries within the subsequently specified verification period, as a modification of paragraph 8.d of the March 29, 2022 SEBI circular, to ensure recording and monitoring of charges and covenants and to protect investor interests under SEBI's regulatory powers.
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Security and Covenant Monitoring DLT: issuers must record existing outstanding NCS in the system; debenture trustees to verify entries.
Issuers must enter details of existing outstanding non-convertible securities into the Security and Covenant Monitoring DLT system within the extended timeline; debenture trustees must verify those entries within the subsequently specified verification period, as a modification of paragraph 8.d of the March 29, 2022 SEBI circular, to ensure recording and monitoring of charges and covenants and to protect investor interests under SEBI's regulatory powers.
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