9911796707
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 ..... e 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 intimation to the applicant, within one month of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation 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 information that was submitted to the Board while seeking initial reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n (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 has been refused by the Board, on and from the date of the receipt of the communication, shall ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 grant of certificate of initial registration, or from completion of the period of renewed certificate of registration, as th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lations, 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, 2000vide No. S.O. 135(E). (e) August 8, 2000 by the Securities and Exchange Board of India (Debenture Trustees) (Second Amendment) Regulations, 2000 vide No. S.O. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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