Review of provisions regarding valuation of debt and money market instruments due to the COVID - 19 pandemic.
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Debenture Trustees (DTs) Sir / Madam, Subject: Review of provisions regarding valuation of debt and money market instruments due to the COVID - 19 pandemic. 1. In terms of the SEBI Circular No. SEBI/HO/IMD/DF4/CIR/P/2019/102 dated September 24, 2019, valuation agencies engaged by AMFI recognize default of a security under clause 5.1.1.2 and 9.1.2. The said provisions were relaxed vide SEBI Ci....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tees shall be reported immediately to the valuation agencies (along with the other material information required for the purpose of valuation), Credit Rating Agencies and AMFI. AMFI, on receipt of such information, shall immediately disseminate it to its members. 4. Further, if the valuation agency, based on its assessment of the proposal, is of the view that the proposed restructuring is solely ....




TaxTMI
TaxTMI