Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 1999 - S.O. No.795(E) - SEBI/LE/18728/99 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 30th September, 1999 S.O. 795(E).- In exercise of powers conferred by sub-section (1) of section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, as follows; 1. (i) These regulations may be called the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 1999. (ii) They shall come into force on the date of their publication in the Official Gazette. 2. In Schedule II, for paragraphs 1, 2, 3 and 4, the following paragraphs shall be substituted, namely: 1. Every debenture trustee shall pay a sum of Rupees five lacs as registration fees at the time of the grant of certificate by the Board. 2. Every debenture trustee to keep registration in force shall pay renewal fee of ₹ 2.5 lacs every three years from the fourth year from the date of initial registration. 3. (a) The fee referred to in paragraph 1 shall be paid by the debenture trustees within fifteen days from the date of receipt of intimation from the Board under regulation 8. (b) The fee referred to in paragraph 2 shall be paid by the debenture trustee within fifteen days of receipt of intimation from the Board disposing off the application for renewal made under sub-regulation (1) of regulation 9. 4. The fees specified in paragraphs 1 and 2 shall be payable by the Debenture Trustees by a demand draft in favour of Securities and Exchange Board of India payable at Mumbai or at the respective regional office. [F. No. SEBI/LE/18728/99] D. R. MEHTA, Chairman Footnote: 1. Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, the principal regulation, was published in the Gazette of India on December 29, 1993, vide No. SEBI/LE/12/93. 2. It was subsequently amended - (a) on November 28, 1995 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 1995 vide S.O. No. 939 (E). (b) on January 5, 1998 by the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 1998 vide S.O. No. 16 (E).