TMI BlogSecurities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2011.X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. They shall come into force on the date of their publication in the Official Gazette. 3. In regulation 2, in clause (ac), the words registration granted or renewed shall be substituted with the words initial or permanent registration granted . 4. In regulation 3, i. in the marginal note, after the word certificate the words of initial registration shall be inserted; ii. in sub-regulation (1), after the word certificate and before the words shall be made the words of initial registration shall be inserted. 5. Regulation 8 shall be substituted with the following, namely: 8. Grant of certificate of initial registration. 1. The Board on being satisfied that the applicant is eligible, shall send an inti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re trustee who has already been granted certificate of registration by the Board and has completed a period of five years, on the date of commencement of the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2011, may, three months before the expiry of validity of certificate of registration or before, make an application for grant of a certificate of permanent registration in Form A. 3. An application under sub-regulation (1) or sub-regulation (2) shall be accompanied by non-refundable application fee as specified in Schedule II of these regulations. 4. The application for grant of a certificate of permanent registration shall be accompanied by details of the changes that have taken place in the inf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. Regulation 9B shall be omitted. 10. In regulation 10, i. in sub-regulation (1), the words and figures under regulation 3 or of renewal under regulation 9 shall be substituted with the words and figures of initial registration under regulation 3 or of permanent registration under regulation 8A ; ii. in sub-regulation (2), the words refusal to grant or renew the certificate shall be substituted with the words refusal to grant initial or permanent registration, as the case may be, . 11. Regulation 11 shall be substituted with the following, namely: - 11. Effect of refusal to grant certificate of permanent registration. The debenture trustee whose application for grant of certificate of permanent registration ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for permanent, unless suspended or cancelled by the Board. 14. In Schedule II, i. paragraphs 1 and 2 shall be substituted with the following paragraphs, namely: 1. Every debenture trustee shall pay fees of thirteen lakh thirty three thousand and three hundred rupees at the time of grant of certificate of initial registration. 1A. A debenture trustee referred to under sub-regulation (3) of regulation 8, shall pay fees for the remaining period of two years on pro rata basis to the fee prescribed under paragraph 2. 2. A debenture trustee who has been granted a certificate of permanent registration, to keep its registration in force, shall pay fees of five lakh rupees every three years from the sixth year from the date of gr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in the Gazette of India on December 29, 1993, vide No. SEBI/LE/12/93. 2. The Securities and Exchange Board of India (Debenture Trustee) Regulations, 1993, were subsequently amended on : (a) November 28, 1995 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 1995 vide No. S.O. 939(E). (b) January 5, 1998 by the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 1998 vide No. S.O. 16(E). (c) September 30, 1999 by the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 1999 vide No. S.O. 795(E). (d) February 17, 2000 by the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2000 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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