a. Part A with legal/standard information on the issue of debt. In order to protect the interest of investors who invest in public bond issues, the issuer must deposit 1% of the amount of bonds offered to the public for the purpose of underwriting. In the case of the presentation of a certificate of maintenance of the guarantee, the amended listing agreement provides for the presentation of these certificates for the maintenance of 100% wealth coverage compared to the semi-annual guarantee certificates of debt securities backed by publicly traded debt securities. In addition to exempting banks and NBFCs from the presentation of these certificates, companies issuing government-guaranteed bonds will also be excluded. b. Part B containing specific information about the corresponding obligation. ” 21B. In the disclosure, the issuer undertakes that the assets on which the issuer is subject will be exempt from any charge and that, in cases where the assets are already charged to guarantee a debt, the authorization or authorization to create a second or betting tax on the issuer`s assets has been obtained from the former lender. As a result, debt guarantee issuers must maintain 100% wealth coverage in order to cover the principal of the issued bonds at all times.
At the same time, bond issuers must now regularly inform the stock exchanges of the measure and the nature and nature of the guarantees created and maintained. The market supervisory authority Securties and Exchange Board of India (Sebi) today introduced an amendment to simplify the stock market bond listing agreement. The amended rating agreement applies with immediate effect. ” (4) While the obligations are guaranteed up to 100% of the amount of capital and interest or according to the terms of the offer/memorandum of information document in favour of the bond trustee, it is the responsibility of the bond agent to control the maintenance of the guarantee, but the recovery of 100% of the amount depends on the market scenario that prevails at the time of the application of the guarantee.” (h) “private placement,” an offer or invitation to subscribe or issue securities to a select group of persons by a company (except an offer to the public) through the Private Placement Offer-cum-Application application, which meets the conditions set out in Section 42 of the 2013 Companies Act. E.