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    <title>Enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence</title>
    <link>https://www.taxtmi.com/circulars?id=65786</link>
    <description>Debenture trustees and issuers must amend the debenture trust deed before due diligence; the DT shall perform initial due diligence per prescribed formats and issue a no-objection certificate (NOC) permitting security creation. The issuer must create the security, execute the charge in favour of the DT and register the charge with applicable registries within thirty days; thereafter the issuer and DT shall execute a supplemental debenture trust deed and submit the NOC, executed deed, DT undertaking of creation and registration, and other required documents to depositories and stock exchanges for ISIN reassignment.</description>
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    <pubDate>Thu, 04 Aug 2022 00:00:00 +0530</pubDate>
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      <title>Enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence</title>
      <link>https://www.taxtmi.com/circulars?id=65786</link>
      <description>Debenture trustees and issuers must amend the debenture trust deed before due diligence; the DT shall perform initial due diligence per prescribed formats and issue a no-objection certificate (NOC) permitting security creation. The issuer must create the security, execute the charge in favour of the DT and register the charge with applicable registries within thirty days; thereafter the issuer and DT shall execute a supplemental debenture trust deed and submit the NOC, executed deed, DT undertaking of creation and registration, and other required documents to depositories and stock exchanges for ISIN reassignment.</description>
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      <pubDate>Thu, 04 Aug 2022 00:00:00 +0530</pubDate>
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