Regulation 21B - Creation of Security - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008

1 [Creation of Security 21B. The issuer shall give an undertaking in the Information Memorandum that the assets on which charge is created are free from any encumbrances and in cases where the assets are already charged to secure a debt, the permission or consent to create a second or pari-passu charge on the assets of the issuer has been obtained from the earlier creditor. ] ************** NOTES:- 1. Inserted vide Notification No. SEBI/ LAD-NRO/GN/2020/35 dated 08-10-2020