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<h1>SEBI Amends Debenture Trustees Regulations; New Clause Requires Trustees to Be 'Fit and Proper Persons' per Regulation 6.</h1> The Securities and Exchange Board of India (SEBI) has issued an amendment to the Debenture Trustees Regulations, 1993, effective upon publication in the Official Gazette. This amendment, known as the Securities and Exchange Board of India (Debenture Trustees) Amendment Regulations, 1998, introduces a new clause to regulation 6, specifying that a debenture trustee must be a 'fit and proper person.' This change aims to ensure that individuals serving as debenture trustees meet certain standards of integrity and competence. The principal regulations were initially published in 1993 and were previously amended in 1995.