https://www.taxtmi.com/circulars?id=64453 Prescribes Debenture Trustee(s)' obligations on default of listed debt securities: treat default at the ISIN level; send investor notice promptly with proof, including options for negative consent on enforcement and positive consent for signing an ICA; allow 15 days for consent and convene a meeting within 30 days unless default is cured; act according to majority decisions at the ISIN level; form a representative committee if needed; and sign ICA only if the resolution plan complies with applicable laws and contains exit and protection clauses, with prescribed timelines for finalisation. en-us Tue, 13 Oct 2020 00:00:00 +0530 Tue, 13 Oct 2020 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64453 Prescribes Debenture Trustee(s)' obligations on default of listed debt securities: treat default at the ISIN level; send investor notice promptly with proof, including options for negative consent on enforcement and positive consent for signing an ICA; allow 15 days for consent and convene a meeting within 30 days unless default is cured; act according to majority decisions at the ISIN level; form a representative committee if needed; and sign ICA only if the resolution plan complies with applicable laws and contains exit and protection clauses, with prescribed timelines for finalisation. Circulars SEBI Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64453