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TMI BlogPublishing of Investor Charter and disclosure of complaints by Debenture Trustees (DTs) on their WebsitesX X X X Extracts X X X X X X X X Extracts X X X X ..... e Association of India (TAI) shall also disseminate the Investor Charter on its website. 4. Additionally, in order to bring about transparency in the Investor Grievance Redressal Mechanism, it has been decided that all the registered DTs shall disclose on their respective websites, the data on complaints received against them or in respect of nonconvertible debt securities issuances dealt by them and redressal thereof, latest by 7th of succeeding month, as per the format enclosed at Annexure- B to this circular 5. These disclosure requirements are in addition to those already mandated by SEBI. 6. The provisions of this circular shall come into effect from January 01, 2022. 7. This circular is issued in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 2A of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 8. A copy of this circular is available on SEBI website at www.sebi.gov.in under the categories Legal Fra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 On quarterly basis a. Monitoring of Asset Cover Certificate for secured non- convertible debentures 60 b. Statement of value of pledged securities to Stock Exchange 60 c. Net worth certificate of guarantor to stock exchange (in case NCDs are secured by way of personal guarantee) 60 d. Status of Quarterly compliance report submitted by listed entity 60 On half yearly basis a. Details of Debenture issues handled by debenture trustee and their status 60 b. Status of information regarding breach of covenants/terms of the issue, if any action taken by debenture trustee 60 c. Complaints received by debenture trustee(s) including default cases 60 d. Monitoring of Asset Cover Certificate for unsecured non-converti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpromise or arrangement, to sanction any variation in the rights of the investors and to sanction any compromise or arrangement proposed to be made between the company and investor(s) Call for meeting to be convened by the debenture trustee on requisition in writing signed by investors holding at least 1/10th in value of the debentures for the time being outstanding. To lodge complaints with respect to their debt securities including non-receipt of interest and or principal etc. with Debenture Trustee. Receive information from Issuers as per SEBI Regulations and Companies Act, 2013. Investor Obligations under obligation to Read the information memorandum and debenture trust deed carefully before taking investment decision. Keep updated record with Depository Participant including bank details, address, email ID of first holder, PAN etc. at all times. Keep themselves updated with all information on public domain such as, debenture trustee website, Stock exchange, India bond Info etc. and any other platform introduced from time to time. Participate in the meeting called by debenture trustee. Cooperate with debenture trustee and provide inform ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 SEBI (SCORES) 3 Stock Exchanges (if relevant) 4 Other Sources (if any) 5 Grand Total *Should include complaints of previous months resolved in the current month, if any. **Should include total complaints pending as on the last day of the month, if any. ^Average resolution time is the sum total of time taken to resolve each complaint in the current month divided by total number of complaints resolved in the current month. Month wise complaints data on half yearly basis: SN Month C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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