{"id":251565,"date":"2021-07-21T12:30:25","date_gmt":"2021-07-21T07:00:25","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=251565"},"modified":"2023-10-03T14:10:03","modified_gmt":"2023-10-03T08:40:03","slug":"sebi-extend-timelines-for-compliance-with-regulatory-requirements-by-debenture-trustees-due-to-covid-19","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/21\/sebi-extend-timelines-for-compliance-with-regulatory-requirements-by-debenture-trustees-due-to-covid-19\/","title":{"rendered":"SEBI extend timelines for compliance with regulatory requirements by Debenture Trustees due to Covid-19"},"content":{"rendered":"<div style=\"text-align: justify;\">In view of the prevailing situation due to Covid 19 pandemic and representations received from the Debenture Trustees, SEBI has been decided to extend the timelines for compliance with the following regulatory requirements of the SEBI circular dated November 12, 2020 for the quarter\/ half year\/ year ending March 31, 2021, as under :<\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<table style=\"height: 1572px;\" width=\"826\">\n<tbody>\n<tr>\n<td width=\"47\">\n<p style=\"text-align: center;\"><strong>S. No.<\/strong><\/p>\n<\/td>\n<td width=\"254\">\n<p style=\"text-align: center;\"><strong>Regulatory requirements of SEBI circular \u00a0dated November 12, 2020<\/strong><\/p>\n<p>&nbsp;<\/td>\n<td width=\"150\">\n<p style=\"text-align: center;\"><strong>Current Timeline<\/strong><\/p>\n<\/td>\n<td width=\"150\">\n<p style=\"text-align: center;\"><strong>Extended Timeline<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"7\" width=\"47\">1.<\/td>\n<td width=\"254\">Submission of reports\/ certifications to Stock Exchanges as per clause 2.1<\/p>\n<p>of the circular<\/p>\n<p>&nbsp;<\/td>\n<td rowspan=\"7\" width=\"150\">&nbsp;<\/p>\n<p style=\"text-align: center;\">July 15,2021<\/p>\n<\/td>\n<td width=\"150\"><\/td>\n<\/tr>\n<tr>\n<td width=\"254\">a.\u00a0\u00a0\u00a0\u00a0 Asset Cover Certificate<\/td>\n<td width=\"150\">August 31, 2021<\/td>\n<\/tr>\n<tr>\n<td width=\"254\">b.\u00a0\u00a0\u00a0\u00a0 A statement of value of pledged securities<\/p>\n<p>&nbsp;<\/td>\n<td width=\"150\">August 31, 2021<\/td>\n<\/tr>\n<tr>\n<td width=\"254\">c.\u00a0\u00a0\u00a0\u00a0\u00a0 A statement of value for Debt Service Reserve Account (DSRA) or any other form of security offered<\/p>\n<p>&nbsp;<\/td>\n<td width=\"150\">August 31, 2021<\/td>\n<\/tr>\n<tr>\n<td width=\"254\">d.\u00a0\u00a0\u00a0\u00a0 Net worth certificate of guarantor (secured by way of personal guarantee)<\/td>\n<td width=\"150\">October 31, 2021<\/td>\n<\/tr>\n<tr>\n<td width=\"254\">e.\u00a0\u00a0\u00a0\u00a0 Financials\/value of guarantor prepared on basis of audited financial statement etc. of the guarantor (secured by way of corporate guarantee)<\/td>\n<td width=\"150\">October 31, 2021<\/td>\n<\/tr>\n<tr>\n<td width=\"254\">f.\u00a0\u00a0\u00a0\u00a0\u00a0 Valuation report and title search report for the immovable\/movable assets, as applicable.<\/td>\n<td width=\"150\">October 31, 2021<\/td>\n<\/tr>\n<tr>\n<td width=\"47\">2.<\/td>\n<td width=\"254\">Following\u00a0 disclosures on the website as\u00a0 per clause 4 of circular:<\/p>\n<p>i.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Monitoring of asset cover certificate and quarterly compliance report of the listed entity.<\/p>\n<p>ii.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Monitoring of utilization certificate<\/p>\n<p>iii.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Status of information regarding breach of covenants\/terms of the issue, if any action taken by debenture trustee<\/p>\n<p>iv.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Status regarding maintenance of accounts maintained under supervision of debenture trustee<\/p>\n<p>&nbsp;<\/td>\n<td width=\"150\">\n<p style=\"text-align: center;\">July 15, 2021<\/p>\n<\/td>\n<td width=\"150\">August 31, 2021<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In view of the prevailing situation due to Covid 19 pandemic and representations received from the Debenture Trustees, SEBI has been decided <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-251565","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI extend timelines for compliance with regulatory requirements by Debenture Trustees due to Covid-19 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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04-08-2022, the Securities and Exchange Board of India (\u2018SEBI') issued enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence to protect the interest of investors in securities and to promote the development of and to regulate the securities market. This circular is\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":227494,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/24\/sebi-relaxation-from-compliance-to-reits-and-invits-due-to-the-covid-19-virus-pandemic\/","url_meta":{"origin":251565,"position":1},"title":"SEBI | Relaxation from compliance to REITs and InvITs due to the CoVID -19 virus pandemic","author":"Bhumika Indulia","date":"March 24, 2020","format":false,"excerpt":"1. Due to the developments arising due to the spread of the COVID 19 virus, a need for temporary relaxations in compliance requirements for REITs and InvITs is warranted. Accordingly, it has been decided to extend the due date for regulatory filings and compliances for REIT and InvIT for the\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":249181,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/03\/sebi-issues-circular-easing-compliance-with-requirements-pertaining-to-aifs-and-vcfs\/","url_meta":{"origin":251565,"position":2},"title":"SEBI issues circular easing compliance with requirements pertaining to AIFs and VCFs","author":"Prachi Bhardwaj","date":"June 3, 2021","format":false,"excerpt":"SEBI has issued circular dated 31.05.2021 after considering the representation from Alternative Investment Funds (AIF) Industry, requesting extension of timelines for various regulatory filings and compliances for AIFs and Venture Capital Funds (VCF), due to ongoing second wave of the COVID-19 pandemic and restrictions imposed by various state governments. \u00a0\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":365107,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/10\/29\/sebi-debenture-trustees-amendment-regulations-2025-legal-news\/","url_meta":{"origin":251565,"position":3},"title":"New Permitted Activities, Compliance Timelines &amp; Enhanced Trustee Rights introduced vide SEBI (Debenture Trustees) (Amendment) Regulations, 2025","author":"Kriti","date":"October 29, 2025","format":false,"excerpt":"These Regulations expand the scope of permitted activities for debenture trustees, reinforce compliance safeguards, and enhance their operational rights.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Debenture Trustees","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/10\/Debenture-Trustees.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/10\/Debenture-Trustees.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/10\/Debenture-Trustees.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/10\/Debenture-Trustees.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":281340,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/10\/securities-and-exchange-board-of-india-extended-timelines-for-entering-and-verifying-details-of-existing-outstanding-non-convertible-securities-in-security-and-covenant-monitoring-system-hosted-by-de\/","url_meta":{"origin":251565,"position":4},"title":"SEBI extends timeline for entering and verifying of details in Security and Covenant Monitoring system","author":"Editor","date":"January 10, 2023","format":false,"excerpt":"\u00a0 \u00a0 On 5-1-2023, the Securities and Exchange Board of India (\u2018SEBI') has extended the timelines for entering and verifying the details of the existing outstanding non- convertible securities in the \u201cSecurity and Covenant Monitoring\u201d system hosted by Depositories. Key Points: Earlier, the issuers were supposed to enter the details\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image44.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":250587,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/01\/sebi-notifies-relaxation-in-timelines-for-compliance-with-regulatory-requirements\/","url_meta":{"origin":251565,"position":5},"title":"SEBI notifies relaxation in timelines for compliance with regulatory requirements","author":"Prachi Bhardwaj","date":"July 1, 2021","format":false,"excerpt":"The Securities and Exchange Board of India has issued circular dated 30.06.2021 vide which the timelines for various regulatory compliances by the Trading Members\/Clearing Members\/KYC Registration Agencies are extended, as under: \u00a0 S. No. Submission\/ compliance Current timeline\/Period of exclusion Proposed timeline\/Period of exclusion 1. Maintaining call recordings of orders\/\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/251565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=251565"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/251565\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=251565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=251565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=251565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}