https://www.taxtmi.com/acts?id=33632 Issuers making an initial public offer of convertible debt instruments must obtain a credit rating, appoint at least one debenture trustee, and create a debenture redemption reserve; where instruments are secured, charged assets must be sufficient and unencumbered, prior consent is required for second or pari passu charges and asset cover for subsequent charges must be computed after deducting liabilities with prior charge. Redemption must follow the offer document. en-us Fri, 21 Dec 2018 14:28:27 +0530 Mon, 12 Aug 2024 11:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33632 Issuers making an initial public offer of convertible debt instruments must obtain a credit rating, appoint at least one debenture trustee, and create a debenture redemption reserve; where instruments are secured, charged assets must be sufficient and unencumbered, prior consent is required for second or pari passu charges and asset cover for subsequent charges must be computed after deducting liabilities with prior charge. Redemption must follow the offer document. Act-Rules SEBI Fri, 21 Dec 2018 14:28:27 +0530 https://www.taxtmi.com/acts?id=33632