https://www.taxtmi.com/notifications?id=134291 Regulations amend the Issue and Listing of Debt Securities rules to align with the Companies Act, 2013, revise the private placement definition to reflect section 42, update statutory cross-references, shorten a specified notice period, and strengthen debenture trustee and trust deed requirements. Issuers must undertake in the Information Memorandum that charged assets are free of encumbrances or that prior creditor consent for second or pari-passu charges is obtained. Trust deeds must follow section 71 and Form SH.12 and be split into Part A (statutory) and Part B (issue-specific). Issuers must create a recovery expense fund and expanded disclosure columns in schedules detail security, covenants, events of default and risk factors. en-us Thu, 08 Oct 2020 00:00:00 +0530 Fri, 09 Oct 2020 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=134291 Regulations amend the Issue and Listing of Debt Securities rules to align with the Companies Act, 2013, revise the private placement definition to reflect section 42, update statutory cross-references, shorten a specified notice period, and strengthen debenture trustee and trust deed requirements. Issuers must undertake in the Information Memorandum that charged assets are free of encumbrances or that prior creditor consent for second or pari-passu charges is obtained. Trust deeds must follow section 71 and Form SH.12 and be split into Part A (statutory) and Part B (issue-specific). Issuers must create a recovery expense fund and expanded disclosure columns in schedules detail security, covenants, events of default and risk factors. Notifications SEBI Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=134291