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SEBI amends norms relating to issue and listing of debt securities

October 9, 2020
SEBI has amended the norm relating to Issue and Listing of Debt Securities Regulations, 2008. A new regulation 21B relating to creation of security has been inserted which requires issuer to give an undertaking in the Information Memorandum that the assets on which charge is created are free from any encumbrances and in cases where assets are already charged to secure a debt, the consent to create a second or pari-passu charge has been obtained from the earlier creditor
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