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<h1>SEBI Amends Debenture Trustees Regulations: Defines 'Associate,' Prohibits Certain Activities, and Enhances Transparency and Accountability.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Debenture Trustees Regulations, 2000, effective from its publication date. Key changes include defining 'associate' in relation to debenture trustees and prohibiting trustees from acting for associates or lending to the body corporate. Amendments require written agreements before debenture issuance and specify time limits for creating security. Trustees must appoint nominee directors in cases of defaults and communicate compliance with terms to debenture holders biannually. These regulations aim to enhance transparency and accountability in debenture trustee operations.