Timeline for submission of information by the Issuer to the Debenture Trustee(s)
Summary
This circular mandates issuers of debt securities to submit specific reports and certificates to Debenture Trustees within defined timelines. The submission schedule includes quarterly, half-yearly, annual, and triennial requirements depending on the document type. These provisions are designed to facilitate continuous due diligence by Debenture Trustees as per SEBI regulations.
Text
DT shall carry out due diligence on a continuous basis in terms of Regulations 15(1)(s) and 15(1)(t) of the DT Regulations.
Chapter II specifies manner for due diligence at issuance, and Chapter VI requires periodical monitoring terms in the debenture trust deed.
Issuer shall submit Security cover Certificate and statements of value for pledged securities/DRA within 60 days from end of each quarter (75 days for last quarter).
Issuer shall submit Net worth certificate of guarantor and financials/value based on audited statements within 60 days from end of each half-year.
Issuer shall submit Financials/value of guarantor prepared on basis of audited financial statement etc. within 60 days from end of each financial year.
Issuer shall submit Valuation report and title search report for immovable/movable assets once in three years within 60 days from end of financial year.
The provisions of this circular shall come into effect from quarter ended December 31, 2025.
Circular issued under Section 11(1) of SEBI Act, Reg 2A of DT Regulations, Reg 101 of LODR, and Reg 55 of ILSR to protect investors and regulate market.
Source: SecMarx — Timeline for submission of information by the Issuer to the Debenture Trustee(s). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.