The headquarters of the Securities and Exchange Board of India (SEBI) in Bandra-Kurla Complex, Mumbai, India. (Source: BloombergQuint)
A set of proposals by the market regulator, intended to provide increased protection to debenture holders at times of default, may make the process of issuing such securities more complex.The Securities and Exchange Board of India, in a Feb. 25 discussion paper, suggested that the practice of non-bank lenders issuing debentures with a floating charge be replaced with a more tangible, identifiable fixed charge. It also suggested impro...