TMI BlogAMENDMENTS TO OTHER REGULATIONSX X X X Extracts X X X X X X X X Extracts X X X X ..... plicable; (b) after sub-regulation (1), the following sub-regulation shall be inserted, namely:- (1A) The debenture trustee shall: (a) obtain reports from the lead bank regarding progress of the project; (b) monitor utilisation of funds raised in the issue; (c) obtain a certificate from the issuer's auditors: (i) in respect of utilisation of funds during the implementation period of the project; and (ii) in the case of debentures issued for financing working capital, at the end of each accounting year. (2) Amendment of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992. (i) in regulation 9, after sub-regulation (1A), the following sub-regulation shall be inserted, namely: (1B) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s control over the other; or (iii) there is a common director, excluding nominee director, amongst the issuer, its subsidiary or holding company and the merchant banker. (v) regulations 23, 24, 24A and 25 shall be omitted; (vi) regulation 28 shall be renumbered as 28.(1) and after the renumbered sub-regulation (1), the following sub-regulation shall be inserted, namely:- (2) The merchant banker shall submit a half yearly report for the period ending with 31st March and 30th September of every year, in the format specified in schedule IV, within three months from the close of the period to which it corresponds. (vii) in Schedule I , Form C shall be omitted; (viii) Schedule IV shall be substituted with the following, na ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... concerns Name of Co./ firm Nature of change Activities Handled Nature of interest with Merchant Banker (9) New activities undertaken/discontinuation of any existing activities Activity When commenced/ discontinued Object of the new activities/reasons for discontinuation. (10) Details of all pending litigations involving the merchant banker. (11) Issue management activities (Attach separate sheet if required): Name of issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (14) Redressal of Investor Grievances (a) System of redressal of investor grievances (a brief write up). (i) Number of investor grievances received during the period. (ii) Nature of grievances. (iii) Number of grievances resolved. (iv) Number of grievances pending. (v) The date of oldest grievance. (15) Financial information Capital Structure Year ended (Rs in lakhs) Previous Year ended (Rs. In lakhs) (i) Paid-up capital ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nomic offence by the merchant banker or their directors or principle officer, if any, during the period. PLACE: DATE: AUTHORISED SIGNATORY (3) Amendment of Securities and Exchange Board of India, (Registrars to an Issue and Share Transfer Agents) Regulations, 1993. (i) in regulation 13A, in the Explanation in clause (b), after the word director the words or promoter shall be inserted. ********* 1 Substituted for 110 by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, w.e.f. 01.12.2015. - - statute, statutory provisions legislat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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