Circular regarding Relaxation in timelines for compliance with regulatory requirements by debenture trustees due to Covid-19 (dated – 20.07.2021) – SEBI
View PdfCircular regarding Relaxation in timelines for compliance with regulatory requirements by debenture trustees due to Covid-19 (dated – 20.07.2021) – SEBI
– In view of the prevailing situation due to Covid-19 pandemic and representations received from the Debenture Trustees, it has been decided to extend the timelines for compliance with the following regulatory requirements of the SEBI circular dated November 12, 2020 for the quarter/ half year/ year ending March 31, 2021, as under:
– Submission of reports/ certifications to Stock Exchanges as per clause 2.1 of the circular -Asset Cover Certificate, A statement of value of pledged securities, A statement of value for Debt Service Reserve Account (DSRA) or any other form of security offered -August 31, 2021.
– Net worth certificate of guarantor (secured by way of personal guarantee)-October 31, 2021.
– Financials/ value of guarantor prepared on basis of audited financial statement etc. of the guarantor (secured by way of corporate guarantee) -October 31, 2021.
– Valuation report and title search report for the immovable/ movable assets, as applicable. -October 31, 2021.
– Following disclosures on the website as per clause 4 of circular:
– Monitoring of asset cover certificate and quarterly compliance report of the listed entity.
– Monitoring of utilization certificate
– Status of information regarding breach of covenants/ terms of the issue, if any action taken by debenture trustee
– Status regarding maintenance of accounts maintained – August 31, 2021.
