SEBI Updates Debenture Trustee’s Due Diligence Certificate Format for Unsecured Debt Securities
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- By Chetan Kulasri
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- Last Updated on 31 January, 2025
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SEBI Circular No. SEBI/HO/DDHS/DDHS-PoD-3/P/CIR/2025/009, Dated 28.01.2025
The SEBI has revised the due diligence certificate format for Debenture Trustees (DTs) in unsecured debt securities under Non-Convertible Securities Regulations. Issuers must submit a due diligence certificate obtained from the Debenture Trustee during draft offer document filing and listing application, in the revised format. This circular shall be applicable with immediate effect.
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