Extension of timeline for entering the details of the existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories
Summary
SEBI extends the deadline for issuers to enter details of existing outstanding non-convertible securities into the DLT-based Security and Covenant Monitoring system by one month. Issuers are required to complete this data entry on or before October 31, 2022, as a modification to previous circulars. Debenture Trustees must verify these entered details by December 31, 2022.
Text
Issuers shall ensure that they enter the details into the DLT system on or before October 31, 2022; DTs shall verify the same by December 31, 2022.
Source: SecMarx — Extension of timeline for entering the details of the existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.