Amendments to SEBI LODR, ILDS & Debenture Trustees Regulations

During the quarter ended September, 2020, many companies who have listed their Non-Convertible Debt on the stock exchanges have defaulted on their interest payments to their NCD holders. One of them being an NBFC. The Securities Exchange Board of India (SEBI) with an intent to protect the investors as well as enhance the duties of the Debenture Trustees (DTs) has on 8th October, 2020 made certain amendments to the following regulations:

For corporate legal advisory services, please visit our affiliate firm, Deep Cover Law