This website is only for informational purposes. Visitors are requested to note that the information is intended to be correct, complete, and up-to-date. Juris Corp does not warrant that the information contained on this website is accurate or complete, and disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause.

This website is not intended to be a source of advertising or solicitation. The reader must not consider the information contained herein to be an invitation for a lawyer-client relationship, must not rely on information provided herein and must seek independent advice. Transmission, receipt or use of any information on this website does not constitute or create a lawyer-client relationship. No recipients of content from this website should act or refrain from acting, based upon any or all of the contents of this website.

Furthermore, Juris Corp does not wish to represent anyone desiring representation based solely upon viewing this web site. Finally, the reader is warned that the use of e-mail for confidential or sensitive information is susceptible to inherent risks of lack of confidentiality associated with sending e-mail over the internet.

By clicking on the "I understand and agree" button below, the user acknowledges that:

  • This website is not a mode of advertisement, promotion, personal communication, or solicitation of any sort whatsoever and the user wishes to gain information about us for his/her own reasons;
  • Entering into this website does not establish a lawyer-client relationship.

We are not liable for any consequence of any action taken by the user relying on information provided under this website. In cases where the user has any legal issues, he/she must seek independent legal advice.

JC - Insights - Centralized Database for Debt Securities


09 Jun 2021

Centralized Database for Debt Securities

The disclosure requirements for the issuers of debt securities at the time of allotting of ISIN have been enhanced. The key additions to the existing disclosure requirements include disclosures in relation to Legal Entity Identifier, details of the group companies, type of instruments, addition of scheme of arrangement as a mode of issue and credit enhancement details.

Issuers are also required to provide certain details to the stock exchanges within 1 working day of any change thereof. The details include the listing details, hyperlink of listing notification by stock exchange, details of credit rating, payment status and default history information.

Apart from the issuers, the Circular (as defined below) inter alia casts an obligation on other entities such as (i) credit rating agencies to verify details of credit rating provided by the issuer; (ii) debenture trustees to verify details of default history by the issuer; and (iii) stock exchanges to verify listing related information provided by the issuer.

The amendments have been introduced by the Securities and Exchange Board of India vide circular dated 4th June 2021 (“Circular”) to streamline the centralised database for bonds / debentures issued on or after 1st August 2021. The Circular shall supersede the erstwhile framework.


For any further information, please contact Ms. Apurva Kanvinde (apurva.kanvinde@jclex.com) or Ms. Divya Dhage (divya.dhage@jclex.com).