The Securities and Exchange Board of India (SEBI) has notified 2nd amendment in Issue and Listing of Debt Securities (ILD) which shall come into force on the date of their publication in the Official Gazette.
The definition of “debt securities” shall be substituted with the new definition which means non-convertible debt securities which create or acknowledge indebtedness and includes debentures, bonds and such other securities of a body corporate or a Trust registered with the Board as a Real Estate investment Trust or an Infrastructure Investment Trust, or any statutory body constituted by virtue of a legislation, whether constituting a charge on the assets of the body corporate or not, but excludes bonds issued by Government or such other bodies as may be specified by the Board, security receipts and securitized debt instruments.
The amendment is carried out to include the debt securities issued by the Trust which are registered with the Board as a Real Estate Investment Trust or an Infrastructure Investment Trust.
join For Updates