Creation of Escrow Accounts

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..... of debt servicing of the municipal debt securities as specified by the Board from time to time. ] ************ Notes 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/40 dated 27-09-2019 before it was read as Creation of security for secured debentures. 19. (1) The debentures shall be secured by the creation of a charge, on the properties or .....

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..... ets on which charge is created are free from any encumbrances and if the assets are already charged to secure a debt, the permissions or consent to create second or paripasu charge on the assets of the issuer have been obtained from the earlier creditor. (4) The issue proceeds shall not be utilised until the documents for creation of security are executed. - - statute, statutory provisions .....

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