SEBI (Debenture Trustees) (Second Amendment) Regulations, 2011 – Substitution of Regulation 7A
- Thursday, December 15, 2011, 9:06
- SEBI
- Notification
NOTIFICATION No. LAD-NRO/GN/2011-12/30/37715, dated 14-12-2011
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to amend the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, namely:-
1. These Regulations may be called the Securities and Exchange Board of India (Debenture Trustees) (Second Amendment) Regulations, 2011.
2. They shall come into force on the date of their publication in the Official Gazette.
3. Regulation 7A of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993 shall be substituted with the following, namely: -
“7A. Capital Adequacy Requirement. – The capital adequacy requirement referred to in clause (g) of regulation 6 shall not be less than the networth of two crore rupees:
Provided that a debenture trustee, who was granted a certificate of initial or permanent registration, as the case may be, under these regulations prior to the commencement of the Securities and Exchange Board of India (Debenture Trustees) (Second Amendment) Regulations, 2011, shall raise its networth to the said minimum within a period of two years from such commencement.”
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- SEBI – Periodical Report- Grant of prior approval to Debenture Trustees
- SEBI Board discusses Tenure for conversion of warrants issued along with public/rights issues , Disclosures where Funds are shown as promoters, Review of net worth for Debenture Trustees etc.
- SEBI – Amendment in SEBI (Stock Brokers and Sub-Brokers) Regulations – Notification No. LAD-NRO/GN/2011-12/01/11486, DATED 06-04-2011
