Centralized Database for Corporate Bonds/Debentures

High Level Expert Committee on Corporate Bonds and Securitization” (“Dr. R.H. Patil Committee”) had recommended creation of “Centralized Database of information regarding Bonds”. While the information in respect of various bonds/debentures issued by issuers is available in a fragmented manner, it is felt that there is a need for having a comprehensive database on corporate bonds at a single place.

Considering the above, SEBI has issued  a circular on “Centralized Database for Corporate Bonds/Debentures” on October 22, 2013.

SEBI has mandated  both the depositories viz. NSDL and CDSL  to  jointly create, host, maintain and disseminate the centralized database of corporate bonds/debentures.

The depositories shall obtain  requisite information regarding the bonds/debentures from Issuers, Stock Exchanges, Credit Rating Agencies and Debenture Trustees.

The Database can be accessed by the public or any other users  without  paying any kind fees or charges.

The full text of the Circular is available here.

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eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

One response to “Centralized Database for Corporate Bonds/Debentures”

  1. magnificent post, very informative. I wonder why the other experts of this sector don’t notice this. You must continue your writing. I am sure, you have a great readers’ base already!

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