Trust Deed

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....that in case of any deviation from the format specified for the trust deed, the debenture trustee may accept such deviations if a key summary sheet capturing the deviations along with the rationale for the same is provided by the issuer in the General Information Document/ Key Information Document or Shelf Prospectus.] (2) Where an issuer fails to execute the trust deed within the period specif....

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....he trust deed shall not contain any clause which has the effect of: (a) limiting or extinguishing the obligations and liabilities of the debenture trustees or the issuer in relation to any rights or interests of the holders of the debt securities; (b) limiting or restricting or waiving the provisions of the Act, these regulations and circulars or guidelines issued by the Board; ....

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.... on its Board of Directors at the earliest and not later than one month from the date of receipt of nomination from the debenture trustee(s): Provided that an issuer whose debt securities are listed as on the date of publication of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2023 in the official gazette, shall amend the t....