Regulatory Alerts2025-10-28
Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2025
The Securities and Exchange Board of India issued the 2025 Amendment Regulations to modify the 2021 regulations governing non-convertible securities. The amendments introduce format requirements for trust deeds, permit debenture trustees to accept deviations if issuers provide a key summary sheet with rationale, and remove the mandatory two-part structure for trust deeds. These changes aim to streamline documentation while ensuring transparency regarding any deviations from standard formats.
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