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TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... rpose of these regulations, includes a public financial institution as defined under sub-section (72) of section 2 of the Companies Act, 2013, a non-banking financial company, public sector undertaking established under any Central or State enactment which has its debt securities listed or which seeks to list its debt securities on a recognized stock exchange in accordance with the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, or any other issuer of debt securities in accordance with any Regulations issued by the Board.] (ac) certificate means a certificate of 4 [ 5 [***] registration granted] by the Board under these regulations; (ad) 6 [***] 21 [ (ae) Change in control in case of a body c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... accumulated losses and deferred expenditure not written off (including miscellaneous expenses not written off) as per the latest audited balance sheet;] 15 [(f) principal officer means,- a key managerial personnel as defined under sub section (51) of section 2 of the Companies Act, 2013, and shall include any person connected with the management or administration of the body corporate upon whom the Board has served notice of its intention of treating him as the principal officer thereof;] (g) regulations means Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993; (h) 16 [***] (i) scheduled bank means a scheduled bank as defined in clause (e) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934); 17 [(ia) t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as defined under clause (c) of Regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997;] 3 Substituted ibid. Prior to the same, clause (ab), inserted by the SEBI (Debenture Trustees) (Amendment) Regulations, 2006, w.e.f. 7-9-2006, read as follows: (ab) body corporate shall have the meaning assigned to it in or under clause (7) of section 2 of the Companies Act, 1956 (1 of 1956). 4 Substituted by the SEBI (Debenture Trustees) (Amendment) Regulations, 2011, w.e.f. 5-7-2011 for the words registration granted or renewed . 5 The words initial or permanent were omitted by the Securities and Exchange Board of India (Change In Conditions of Registration Of Certain Intermediaries ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se (ba) read as follows: debenture means a debenture within the meaning of sub-section (12) of section 2 of the Companies Act, 1956 (1 of 1956); 10 Substituted by the SEBI (Debenture Trustees) (Amendment) Regulations, 2017, w.e.f., 13-7-2017. Prior to the same, clause (bb) read as follows: debenture trustee means a trustee of a trust deed for securing any issue of debentures of a body corporate; 11 Omitted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, w.e.f. 27-09-2006. 12 Substituted by the SEBI (Debenture Trustees) (Amendment) Regulations, 2017, w.e.f., 13-7-2017. Prior to the same, clause (e) read as follows: insurance company means a company as defined in clause (21) of section 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the SEBI (Debenture Trustees) (Amendment) Regulations, 2006, w.e.f. 7-9-2006, respectively. 20 Words or the Rules, as the case may be omitted by the SEBI (Debenture Trustees) (Amendment) Regulations, 2006, w.e.f. 7-9-2006, respectively. 21. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/115 dated 17-01-2023 before it was read as, (ae) change in control , in relation to a debenture trustee, means :- 7 [(i) if its shares are listed on any recognised stock exchange, change in control as per the provisions of regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;] (ii) in any other case, change in the controlling interest in the body corporate; Explanation: Fo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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