Monitoring and Disclosures by Debenture Trustee(s)

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..... nable debenture trustee(s) to discharge its obligations in respect of listed debt securities, the debenture trustee(s) shall undertake independent periodical assessment of the compliance with covenants or terms of the issue of listed debt securities including for security created . A. Monitoring of security created / assets on which charge is created 2. SEBI Circular No. SEBI/ HO/ MIRSD/ CRADT/ CIR/ P/ 2020/218 dated November 03, 2020 , has prescribed the manner in which debenture trustees shall carry out due diligence for creation of security at the time of issuance of debt securities and as required under Regulation 15(1)(s) 15(1)(t) of DT Regulations , debenture trustee(s) shall carry out due diligence on continu .....

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..... - 2.2. For existing debt securities, listed entities and debenture trustee(s) shall enter into supplemental/amended debenture trust deed within 120 days from the date of this circular incorporating the changes in the debenture trust deed. 2.3. In case, a listed entity has more than one debenture trustee for its listed debt securities, then debenture trustees may choose a common agency for preparation of asset cover certificate. B. Action to be taken in case of breach of covenants or terms of issue 3. In case of breach of covenants or terms of the issue by listed entity, the debenture trustee shall take steps as outlined in para 6.1 and 6.3 of SEBI Circular SEBI/HO/MIRSD/CRADT/CIR/P/2020/203 dated October .....

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..... enture trustee Annual basis within 75 days of the end of the financial year Table 7 of Annexure B Status of information regarding any default by listed entity and action taken by debenture trustee Table 8 of Annexure B Monitoring of Utilization Certificate Table 3 of Annexure B D. Reporting of regulatory compliance 5. The formats for periodical reporting prescribed by SEBI Circular No. CIR/MIRSD/25/2011 dated December 19, 2011 stands rescinded and the debenture trustee(s) shall furnish revised periodical reports to SEBI in the formats as follows: Report Periodicity .....

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