SEBI extends timeline for compliance with regulatory requirements by Debenture Trustees

Securities and Exchange Board of India on 20th July,2021, has extended the timelines for compliance with the regulatory requirements by debenture trustees for the quarter/half year/ year ending March 31, 2021. The timelines for following compliance are extended:

1. The due date for submission of Asset Cover Certificate, a statement of value of pledged securities and a statement of value for Debt Service Reserve Account (DSRA) or any other form of security offered is extended from July 15, 2021 to 31st August, 2021.
2. The due date for submission of net worth certificate of guarantor (secured by way of personal guarantee), Financials/value of guarantor prepared on basis of audited financial statement etc. of the guarantor(secured by way of corporate guarantee) and Valuation report and title search report for the immovable/ movable assets, as applicable is extended from July 15, 2021 to 31st October, 2021.
3. The due date for disclosure on the website of Monitoring of asset cover certificate and quarterly compliance report of the listed entity, Monitoring of utilization certificate, Status of information regarding breach of covenants/terms of the issue, if any action taken by debenture trustee and Status regarding maintenance of accounts maintained under supervision of debenture trustee is extended from July 15, 2021 to 31st august, 2021.