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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Relaxation in timelines for compliance with regulatory requirements by Debenture Trustees due to Covid-19

20-Jul-2021 | SEBI/HO/MIRSD/CRADT/CIR/P/2021/597

SEBI in continuation to Circular no. SEBI/HO/MIRSD/CRADT/CIR/P/2021/561 dated May 03, 2021 had further extended the timelines for the following regulatory requirements of the SEBI (Debenture Trustees) Regulations,1993 and circular dated November 12,2020 for the quarter/half year/ year ending March 31, 2021-

1. Submission of reports/certifications to Stock Exchanges as per clause 2.1 of circular-August 31, 2021
2. Disclosures as per clause 4 of circular- August 31, 2021-
i. Monitoring of asset cover certificate and quarterly compliance report of the listed entity
ii. Monitoring of utilization certificate
iii. Status of information regarding breach of covenants/terms of the issue, if any action taken by debenture trustee
iv. Status regarding maintenance of accounts maintained under supervision of debenture trustee

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