SEBI (ISSUE AND LISTING OF DEBT SECURITIES) REGULATIONS, 2008 :

SEBI issued (Issue and Listing of Debt Securities) Regulations, 2008 pertaining to issue and listing of debt securities which are not convertible, either in whole or part into equity instruments. They provide for a rationalized disclosure requirements and a reduction of certain onerous obligations attached to an issue of debt securities. These Regulations are applicable to –

(i) public issue of debt securities and

(ii) listing of debt securities issued through public issue or on private placement basis on a recognized stock exchange.

As per SEBI (ILDS) Regulations, 2008, debt securities means a non-convertible debt securities which create or acknowledge indebtness, and include debenture, bonds and such offer securities of a body corporate or any statutory body constituted by virtue of a legislation, whether constituting a charge or the any sets of the body corporate or not, but excludes bonds issued by Government or such other bodies as may be specified by SEBI. Securities receipts and securitized debt insturments.