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| NOTICES |
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| Notice No. |
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20201231-38 |
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Notice Date |
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31 Dec 2020 |
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| Category |
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Circulars Listed Companies |
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Segment |
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Debt |
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| Subject |
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Creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s) - Extension of timeline for implementation |
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| Attachments |
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Creation of Security.pdf ; |
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| Content |
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Ref. LIST/COMP/77/2020-21
Dear Sir\Madam,
Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/MIRSD/CRADT/CIR /P/2020/254 dated December 31, 2020 regarding Creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s) - Extension of timeline for implementation
SEBI, vide circular no. SEBI/HO/MIRSD/CRADT/CIR/P/2020/218 dated November 03, 2020, specified requirements with regard to creation of security in issuance of listed debt securities and due diligence to be carried out by debenture trustee(s), which were applicable from January 01, 2021.
Taking into consideration the representation received from debenture trustees, and the challenges arising out of the prevailing business and market conditions due to COVID-19 pandemic, it has been decided to extend the implementation date of the provisions of the aforesaid circular to April 01, 2021.
The aforesaid circular is attached for reference.
All Listed companies / issuers who propose to list their debt securities are requested to take note and comply accordingly.
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Abhijit Pai
Dy. General Manager
Listing Compliance
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Shyam Bhagirath
Manager
Listing Compliance
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December 31, 2020
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