Sebi on Monday proposed that debenture trustees separate non-market watchdog-regulated activities into a new legal entity and define “cross-default” to clarify their roles in shared security interests.
Additionally, the new provisions have been proposed to outline debenture trustees’ (DT) rights and responsibilities, aligning with their fiduciary duties and obligations under Sebi’s Listing Obligations and Disclosure Requirements (LODR) Regulations.
These changes aim to support timely fulfillment of DT duties.
The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.
These proposals are aimed at improving ease of doing business for debenture trustees.
In its consultation paper, the regulator proposed that DTs should hive off non-Sebi-regulated activities into a new legal entity, which cannot use the DT’s brand name after a one-
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Sebi mulls separation of non-regulated activities for debenture trustees (04-11-2024)
Sebi mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees (04-11-2024)
The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.
Afcons Infrastructure successfully bids for Bhopal Metro Project (04-11-2024)
Afcons Infrastructure announced that it was declared as the lowest bidder for construction Package BH-05 of Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) which will connect Bhadbhada Chauraha Ratnagiri Tiraha via 13 elevated stations. Afcons’ bid of Rs. 1006.74 crore was declared the lowest – L1.
Hero MotoCorp sells 15.98 lakh units in 32-day festive period (04-11-2024)
Hero MotoCorp achieved its highest-ever retail sales during the recent 32-day festive period, starting from Navratri.
Gateway Distriparks launches Double Stack Rail services at ICD Faridabad (04-11-2024)
Gateway Distriparks (GDL) has launched Double Stack Rail services at its Inland Container Depot (ICD) in Faridabad. This milestone marks ICD Faridabad as the first and only location in the region to offer Double Stack services, providing a significant competitive advantage with direct connectivity to major seaports such as Mundra, Pipavav, and Nhava Sheva via the Western Dedicated Freight Corridor (WDFC).
Wockhardt – A story with twist and turn (04-11-2024)
It is really a huge figure… Did he really quoted this figure?? Please submit the source if you are having…