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Nature of work
- Ensure that all relevant SEBI Regulations & Guidelines are adhered to.
- Monitor interest payments & redemptions on a timely basis.
- Advise and ensure that Issuers comply with all requisite documentary and other procedures for creation of the stipulated security.
- Safeguard interests of debenture holders by creation of stipulated security, sustained monitoring of adequacy of asset coverage and compliance with terms of Information Memorandum.
- Undertake appropriate enforcement actions in the event of default.
Advisory –
- Offer inputs to enable most apt structure of transactions.
- Interacting with various stakeholders to have a streamlined process.
- Advise Issuers regarding regulatory requirements during life cycle of the NCDs / Bonds
- Advise the best course of action in case of enforcement.
Documentation-
- Vetting of transaction documents.
- Guidance to Issuers in the process of security creation.
- Drafting of legal documents
Operational –
- Thorough Due-Diligence at the time of security creation.
- Creation and holding of charge for and on behalf of the Investors.
- Hold transaction documents in safe custody.
- Timely interaction with Issuers to ensure adequate security cover.
- Timely intimation to debenture holders upon happening of various events.
- System-based monitoring of the security cover and financial covenants.
- Ensure compliance with applicable provisions of Companies Act, SEBI Regulations, RBI Guidelines and Trust Deed.
- Timely and effective resolution of Investors complaints.
- Conversion / Redemption of debentures in accordance with the offer document / trust deed.
- Timely updates on default cases through website / Mobile App.
None of the SEBI investor protection mechanisms shall be available for any grievances or disputes arising out of or pertaining to the activities which are not regulated by SEBI.