Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/77 - SEBI
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Security cover requirement: secured debt must maintain full cover and trustees must deliver prescribed due diligence certificates. Secured debt securities must be secured by full security cover or higher as per the offer document and/or Debenture Trust Deed, sufficient at all times to discharge principal and interest. Charges and securities must be disclosed in the offer document and Debenture Trust Deed with an undertaking regarding encumbrances or prior consent of existing chargeholders. Debenture trustees must provide due diligence certificates in prescribed formats for secured and unsecured issues, confirming adequacy of offer-document disclosures, disclosure of covenants, and execution of the Debenture Trust Deed before filing the listing application. Credit rating press releases must be current within one year.
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.
Security cover requirement: secured debt must maintain full cover and trustees must deliver prescribed due diligence certificates.
Secured debt securities must be secured by full security cover or higher as per the offer document and/or Debenture Trust Deed, sufficient at all times to discharge principal and interest. Charges and securities must be disclosed in the offer document and Debenture Trust Deed with an undertaking regarding encumbrances or prior consent of existing chargeholders. Debenture trustees must provide due diligence certificates in prescribed formats for secured and unsecured issues, confirming adequacy of offer-document disclosures, disclosure of covenants, and execution of the Debenture Trust Deed before filing the listing application. Credit rating press releases must be current within one year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.