Enhanced guidelines on security creation relating to listed debt securities
The Securities and Exchange Board of India (“SEBI”) has issued enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence by way of a circular dated August 4, 2022. These guidelines revise certain requirements in relation to encumbrances, creation of security and due diligence by debenture trustees which were prescribed under the SEBI circular on ‘Creation of Security in issuance of listed debt securities and due diligence by debenture trustee(s)’ dated November 3, 2020.
To read further details, please refer to the below document.
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