Due diligence certificate requirement: debenture trustees must submit prescribed certificates at draft filing and at listing application. SEBI requires Debenture Trustees to provide prescribed due diligence certificates for unsecured debt securities at two stages: at draft offer document/placement memorandum filing (Annex A) confirming disclosures, covenants and undertaking to execute the debenture trust deed before listing application; and at listing application filing (Annex B) confirming execution of the debenture trust deed as per the offer document/placement memorandum and that the issuer's disclosures and ongoing obligations to security holders are true, fair and adequate.
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.
Due diligence certificate requirement: debenture trustees must submit prescribed certificates at draft filing and at listing application.
SEBI requires Debenture Trustees to provide prescribed due diligence certificates for unsecured debt securities at two stages: at draft offer document/placement memorandum filing (Annex A) confirming disclosures, covenants and undertaking to execute the debenture trust deed before listing application; and at listing application filing (Annex B) confirming execution of the debenture trust deed as per the offer document/placement memorandum and that the issuer's disclosures and ongoing obligations to security holders are true, fair and adequate.
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