Relaxation in timelines for compliance with regulatory requirements by Debenture Trustees due to Covid 19
Summary
SEBI extends compliance timelines for Debenture Trustees regarding specific regulatory requirements due to the Covid-19 pandemic. The extension applies to reports and certifications due for the quarter, half-year, or year ending March 31, 2021. New deadlines are set for August 31, 2021, and October 31, 2021, depending on the specific document.
Text
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... Asset Cover Certificate... statement of value of pledged securities... DSRA... Net worth certificate... Financials... Valuation report... Extended timeline: August 31, 2021 or October 31, 2021
Following disclosures on the website as per clause 4 of circular: Monitoring of asset cover certificate... utilization certificate... Status of information regarding breach... maintenance of accounts... Extended timeline: August 31, 2021
This circular is issued in exercise of the powers conferred upon SEBI under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 2A of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993
Source: SecMarx — Relaxation in timelines for compliance with regulatory requirements by Debenture Trustees due to Covid 19. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.