Revised Timelines for Pre- Issue and Post- Issue Actions Under Revamped Listed Debenture Regime

On October 08, 2020, the Securities and Exchange Board of India (“SEBI”) notified amendments to its earlier regulations governing the listed debenture regime, namely, the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (“ILDS Regulations”) and the SEBI (Debenture Trustees) Regulations, 1993. These amendments follow the circular dated October 05, 2020 (SEBI/HO/DDHS/CIR/P/2020/198) which seeks to standardize certain timelines for the private placement of securities (“Timelines Circular”). The article shares the attorney viewpoint on the key aspect that should be borne in mind.