Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2025

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....called the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2025. 2. They shall come 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, ─ (1) in regulation 2, (a) after clause (aa) and before clause (ab), the following clause shall be inserted, namely- "(aaa) "Board" means the Securities and Exchange Board of India established under sub-section (1) of section 3 of the Act;"; (2) after the omitted regulation 9B and before regulation 10, the following regulation shall be inserted, namely- "Permitted Activities. 9C. (1) A debenture truste....

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....ational Financial Services Centres Authority, the Insolvency and Bankruptcy Board of India, the Ministry of Corporate Affairs and such other authorities as may be specified by the Board. (2) A debenture trustee shall ensure that the net worth specified under these regulations is ring-fenced from any adverse impact that may arise from undertaking the activities specified under sub-regulation (1)." (3) regulation 14 shall be substituted with the following regulation, namely- "14. Every debenture trustee shall amongst other matters, accept the trust deeds which shall contain the matters as specified in section 71 of Companies Act, 2013 (18 of 2013) and Form No.SH.12 specified under the Companies (Share Capital and De....

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....cutive Director [ADVT.-III/4/Exty./420/2025-26] Footnotes: 1. The Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, the Principal Regulations, was published in the Gazette of India on December 29, 1993 vide SEBI/LE/12/93. 2. The Securities and Exchange Board of India (Debenture Trustee) Regulations, 1993, was subsequently amended on: a) November 28, 1995 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 1995 vide S.O. No.939 (E). b) January 5, 1998 by the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 1998 vide S.O. No.16(E). c) September 30, 1999 by the Securities and Exchange Board of I....

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....fication No. LAD/NRO/GN/2008/11/126538. m) April 13, 2011 by the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011 vide Notification No. LAD/ NRO/GN/ 2011 -12/03/12650. n) July 5, 2011 by the Securities and Exchange Board Of India (Debenture Trustees) (Amendment) Regulations, 2011 No. LAD-NRO/GN/2011-12/13/21222. o) December 14, 2011 by the Securities and Exchange Board of India (Debenture Trustees) (Second Amendment) Regulations, 2011 No. LAD-NRO/GN/2011-12/30/37715. p) May 23, 2014 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2014 vide Notification No. LAD-N....