https://www.taxtmi.com/acts?id=33464 Regulation 63 requires issuers making a rights issue of convertible debt instruments to obtain a credit rating, appoint at least one debenture trustee, and create a debenture redemption reserve under company law. For secured issues, assets must be sufficient and free of encumbrance, consents for second or pari passu charges or leasehold security must be obtained and submitted to the debenture trustee before opening the issue, and security cover must be calculated after reducing liabilities with a prior charge. Redemption must follow the letter of offer. en-us Fri, 21 Dec 2018 11:51:33 +0530 Fri, 09 Aug 2024 15:03:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33464 Regulation 63 requires issuers making a rights issue of convertible debt instruments to obtain a credit rating, appoint at least one debenture trustee, and create a debenture redemption reserve under company law. For secured issues, assets must be sufficient and free of encumbrance, consents for second or pari passu charges or leasehold security must be obtained and submitted to the debenture trustee before opening the issue, and security cover must be calculated after reducing liabilities with a prior charge. Redemption must follow the letter of offer. Act-Rules SEBI Fri, 21 Dec 2018 11:51:33 +0530 https://www.taxtmi.com/acts?id=33464