DT Compliance

A Debenture Trustee (DT) acts as an independent representative of debenture/bond investors when a company raises money by issuing debentures or bonds.

In simple words, when a company wants to raise funds from investors through debentures, the Debenture Trustee stands between the Issuer Company and the Investors and protects the investors interests.

As a part of our Compliance Team handling Debenture Trustee vertical, your role & responsibility will largely envisage:

•In-depth knowledge of banking law & practice, corporate laws (including but limited to Companies Act, Contract Act, Transfer of Property Act, Stamp Act, Registration Act etc.) SEBI Regulations, Insolvency & Bankruptcy Code & NCLT procedures, RDB and SARFAESI Act, etc.

• Creation of appropriate charges on the assets of the corporates, i.e. mortgage, hypothecation etc.

•Monitoring of charged securities and ensure compliance of financial covenants from time to time

• Advise corporates on various regulatory compliances

• Compliance with SEBI Debenture Trustee Regulations and related Laws.

• Protecting investors rights and lenders interest

•Coordinating with Borrowers & Lenders from time to time

•Handling all compliance related operational aspects of respective transactions

• Ensuring compliance with all regulations / directions of SEBI and other regulatory authority, provisions of the Companies Act 2013 etc. pertaining to Debenture/Bond issues.

• Ensuring creation & perfection of stipulated security as stipulated in Information Memorandum / Prospectus, Debenture documentation etc. and filing of charges with RoC / CERSAI.

• Monitoring the various obligations performed by Issuer Company imposed by Credit Rating Agency and any other authority.

• Monitoring the various ratios, DRR, rating and financial condition of the Issuer Company on quarterly, half yearly and yearly basis.

• Monitoring Collateral Security Ratio with reference to pledged securities.

• Guiding the Issuer Company regarding the compliance, procedure relating to issuance of Debentures/Bonds, Stamp Duty implication, Security Creation, various SEBI Regulations and Companies Act.

•Assisting in Internal & External audits.

•Any other tasks assigned by the company on time-to-time.

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