Securities And Exchange Board Of India (Debenture Trustees) (Amendment) Regulations, 2006.

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.... into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993:- (i) in regulation 2 - a. clauses (a) and (aa) shall be renumbered as clause (aa) and (b) respectively thereof; b. before clause (aa) so renumbered, the following clause shall be inserted, namely:- "(a) "Act" means the Securities and Exchange Board of India Act, 1992 (15 of 1992);" c. after clause (aa) so renumbered, the following clauses shall be inserted, namely:- "(ab) "body corporate" shall have the meaning assigned to it in or under clause (7) of section 2 of the Companies Act, 1956 (1 of 1956); (ac) "certificate" means a certificate of registration granted or renewed ....

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....of a trust deed for securing any issue of debentures of a body corporate;" e. after clause (e), the following clause shall be inserted, namely:- "(ea) "issue" means an offer of sale of securities by any body corporate or by any other person or group of persons on its or their behalf, as the case may be, to the public, or the holders of securities of such body corporate or person or group of persons and includes a private placement of debentures made by a listed company, which are proposed to be listed;" f. clause (h) shall be omitted; g. after clause (i), the following clause shall be inserted, namely:- "(ia) "trust deed" means a deed executed by the body corporate in favour of the trustees named therein for the benefit of the debent....

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....ceived and the manner in which such complaints have been redressed; (d) it shall maintain capital adequacy requirements specified in regulation 7A at all times during the period of the certificate or renewal thereof; (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as a debenture trustee. (2) Nothing contained in clause (a) of sub-regulation (1) shall affect the obligation to obtain a fresh registration under section 12 of the Act in cases where it is applicable. Time period for disposal of application and period of validity of certificate 9B. (1) The Board shall within three months of receipt of all information for considering the application for grant of registration made under r....