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    <title>Creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s)</title>
    <link>https://www.taxtmi.com/circulars?id=64519</link>
    <description>Issuers must provide detailed documents and consents at the time of entering into the debenture trustee agreement, including title deeds, registration evidence, consents/NOCs from existing charge holders, guarantee documentation and depository pledging undertakings. Debenture trustees shall independently perform due diligence-verifying registrations, conditional consents, guarantor financials, and commissioning valuation, title and ROC searches-and issue prescribed due diligence certificates at draft filing and prior to listing. Charges must be created, debenture trust deeds executed, and charges registered with relevant registries within the stipulated period; listing is conditional on receipt of the trustee&#039;s listing-stage due diligence certificate.</description>
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    <pubDate>Tue, 03 Nov 2020 00:00:00 +0530</pubDate>
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      <title>Creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s)</title>
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      <description>Issuers must provide detailed documents and consents at the time of entering into the debenture trustee agreement, including title deeds, registration evidence, consents/NOCs from existing charge holders, guarantee documentation and depository pledging undertakings. Debenture trustees shall independently perform due diligence-verifying registrations, conditional consents, guarantor financials, and commissioning valuation, title and ROC searches-and issue prescribed due diligence certificates at draft filing and prior to listing. Charges must be created, debenture trust deeds executed, and charges registered with relevant registries within the stipulated period; listing is conditional on receipt of the trustee&#039;s listing-stage due diligence certificate.</description>
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