SEBI on 11th April, 2022 has issued the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2022. In case where listed debt securities are secured, the debenture trustees shall:
1. On a Quarterly basis-(a)carry out the necessary due diligence and monitor the security cover in the manner as may be specified by the Board from time to time.
2. On a Half-Yearly basis-(a)obtain a certificate from the statutory auditor of the issuer regarding security
cover including compliance with the covenants of the Offer Document/Information Memorandum in the manner as may be specified by the Board from time to time.
