Regulatory Alerts2025-01-28
Format of Due Diligence Certificate to be given by the DTs
The Securities and Exchange Board of India (SEBI) issued this circular to mandate specific formats for Due Diligence Certificates provided by Debenture Trustees for unsecured debt securities. The directive requires issuers to submit certificates from Annex-A when filing draft offer documents and those from Annex-B when filing listing applications with stock exchanges. This action aligns the Master Circular for Debenture Trustees with the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, ensuring consistent disclosure standards for investor protection.
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