Regulation 9A - Conditions of registration - Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993

1 [Conditions of registration. 9A.(1) 2 [Registration granted under regulation 8] shall be subject to the following conditions, namely :- (a) where debenture trustee proposes 3 [change in control], it shall obtain prior approval of the Board for continuing to act as such after the change; 4 [(b) it shall pay the fees for registration, in the manner provided in these regulations;] (c) it shall take adequate steps for redressal of grievances of the investors within 7 [ twenty-one calendar days ] of the date of the receipt of the complaint and keep the Board informed about the number, nature and other particulars of the complaints received and the manner in which such complaints have been redressed; (d) it shall maintain capital adequacy requirements specified in regulation 7A at all times during the period of the 5 [***]; (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as a debenture trustee. 6 [(f) it shall immediately intimate the Board, details of changes that have taken place in the information that was submitted, while seeking registration.] (2) Nothing contained in clause (a) of sub-regulation (1) shall affect the obligation to obtain a fresh registration under section 12 of the Act in cases where it is applicable. ************* NOTES:- 1 Inserted by the SEBI (Debenture Trustees) (Amendment) Regulations, 2006, w.e.f. 7-9-2006. 2 Substituted for the words Any43[initial registration] granted under regulation 8 or any [permanent registration granted under regulation 8A] by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to substitution the words initial registration and permanent registration granted under regulation 8A substituted the words registration and renewal granted under regulation 9 respectively by the SEBI (Debenture Trustees) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 3 Substituted by SEBI (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011, w.e.f. 13-4-2011 for the words to change its status or constitution . 4 Substituted by the by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to substitution, clause (b) read as under: (b) it shall pay the fees for 45[initial registration or permanent registration], as the case may be, in the manner provided in these regulations; Prior to this the words initial registration or permanent registration were substituted for the words registration or renewal by the SEBI (Debenture Trustees) (Amendment) Regulations, 2011, w.e.f. 5-7-2011 5 The words initial or permanent registration were omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to this the words initial or permanent registration were substituted for the words certificate or renewal thereof by the SEBI (Debenture Trustees) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 6 Inserted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/146 dated 16-08-2023 before it was read as, one month