Asset cover obligation: listed non-convertible debt requires maintenance and half-yearly auditor certificate, with limited government-guarantee exception. Regulation 54 requires listed entities to maintain hundred percent asset cover or asset cover as per the offer document/Information Memorandum and/or Debenture Trust Deed at all times for listed non-convertible debt securities. Regulation 56 adds disclosure of all covenants of the issue and mandates a half-yearly statutory auditor's certificate confirming maintenance of the required asset cover and compliance with covenants alongside half-yearly financial results, except where bonds are secured by a Government guarantee. Schedule III requires disclosure of initiation and final reports of forensic audits to stock exchanges.