Amendments to the SEBI (Disclosure and Investor Protection Guidelines), 2000.

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.... No. 4 September 6, 2000 TO          ALL MERCHANT BANKERS/DEBENTURE TRUSTEES Amendments to the SEBI (Disclosure and Investor Protection Guidelines), 2000. The captioned Guidelines came into effect from January 27, 2000. The Guidelines for issue of debt instruments are contained in Chapter X thereof. SEBI had constituted a working group of....

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.... Please acknowledge receipt. Yours faithfully, O. P. GAHROTRA Sr. Executive Director ANNEXURE SECTION A 1. In title of Clause 10.6 words "Disclosure and" before the words "Creation of Charge" shall be added. 2. Before the existing clause 10.6.1, a new clause shall be added :- "10.6.1 - The offer document shall specifically state the assets on which security shall b....

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....tion of the liabilities having a first / prior charge, in case the debentures are secured by a second or subsequent charge." 4. The existing clause 10.6.1 shall be numbered as 10.6.3. 5. After existing clause 10.6.3, a new sub-clause 10.6.4 shall be added : " 10.6.4 - The issue proceeds shall be kept in an escrow account until the documents for creation of security as stated in the ....