https://www.taxtmi.com/acts?id=33411 Issuance requirements for convertible debt instruments mandate that an issuer obtain a credit rating, appoint at least one debenture trustee, and create a debenture redemption reserve. For secured issues, charged assets must be sufficient to discharge principal, free from encumbrances, and prior lenders' consent for second or pari passu charges must be obtained and furnished to the debenture trustee; asset cover for subsequent charges is to be calculated after reducing prior-charge liabilities. Redemption is to follow the offer document. en-us Fri, 21 Dec 2018 11:31:37 +0530 Fri, 09 Aug 2024 13:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33411 Issuance requirements for convertible debt instruments mandate that an issuer obtain a credit rating, appoint at least one debenture trustee, and create a debenture redemption reserve. For secured issues, charged assets must be sufficient to discharge principal, free from encumbrances, and prior lenders' consent for second or pari passu charges must be obtained and furnished to the debenture trustee; asset cover for subsequent charges is to be calculated after reducing prior-charge liabilities. Redemption is to follow the offer document. Act-Rules SEBI Fri, 21 Dec 2018 11:31:37 +0530 https://www.taxtmi.com/acts?id=33411