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        SEBI

        The securities regulator amends Regulation 18 of the...

        Regulation 18 amended: trust deeds must follow prescribed format/timelines, trustees can accept deviations with issuer's summary

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                          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.
                                The securities regulator amends Regulation 18 of the non-convertible securities listing rules to require trust deeds to be executed "in such format and" within prescribed timelines, adds a proviso allowing debenture trustees to accept deviations from the prescribed trust-deed format if the issuer provides a key summary sheet detailing deviations and rationale in the General Information Document/Key Information Document or Shelf Prospectus, and removes the prior mandate that trust deeds be divided into two parts (Part A statutory/standard and Part B issue-specific). The amendments take effect on publication in the Official Gazette.
                                Note: It is a system-generated summary and is for quick reference only.
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