SEBI (Issue and Listing of Debt Securities) (Amendment) Regulations, 2019

May 09, 2019 | by Avantis RegTech Legal Research Team


The Securities and Exchange Board of India (SEBI) on May 07, 2019, has published the Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2019 to further amend the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.  It will come into force on the date of its publication in the Official Gazette that is on May 07, 2019.

The amendments made in the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 are:

In Regulation 15, after sub-regulation (1), sub-regulations (1A) and (1B) have been inserted, namely,- 

(1A) Where an issuer fails to execute the trust deed within the period specified in the sub-regulation (1), without prejudice to any liability arising on account of violation of the provisions of the Act and these Regulations, the issuer shall also pay interest of at least two percent per annum to the debenture holder, over and above the agreed coupon rate, till the execution of the trust deed. 

(1B) A clause stipulating the requirement under sub-regulation (1A) shall form part of the Trust Deed and also be disclosed in the Offer Document.

In Schedule I, in paragraph 3, in Part B.

[Notification No. SEBI/LAD-NRO/GN/2019/13]

Click here to download the Notification.


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