Format of Due Diligence Certificate to be given by the DTs

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....sociation of Debenture Trustees, All Registered Credit Rating Agencies, Recognized Stock Exchanges and Recognized Depositories Madam/ Sir, Sub: Format of Due Diligence Certificate to be given by the DTs 1. SEBI vide notification dated July 10, 2024, amended the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ('NCS Regulations') inter-alia specifying the format of ....

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.... the Stock Exchange, a due diligence certificate obtained from the Debenture Trustee as per the format specified in Annex-B. 4. Further, pursuant to the amendment, the following paras of Chapter II of Master Circular for DTs are modified as under: 4.1. Para 2.3.1.(a) shall read as under: "The Debenture Trustee may furnish ........ prescribed under regulations 40.1.(a) and 44.(3).(a)....

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.... Regulations, 2015 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market. 7. This Circular is available on the website of the Securities and Exchange Board of India at www.sebi.gov.in under the category "Legal" and under the drop down "Circulars". Yours faithfully, Sarika Kataria Deputy General Manager Department of....

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.... WE CONFIRM that: (a) All disclosures made in the offer document with respect to the debt securities are true, fair and adequate to enable the investors to make a well informed decision as to the investment in the proposed issue. (b) Issuer has disclosed all covenants proposed to be included in debenture trust deed (including any side letter, accelerated payment clause etc.), off....