exactly the MoF regulates the listed companies, stock exchanges etc through the regulatory body called SEBI to enforce. while the MCA regulates unlisted comps.
"issue" is defined under 2(13)(ea) is defined to include
(i) Public issue of debentures
(ii) PP which seeks to list later- DRHP
Therefore, the Regulations include even unlisted debentures which are privately placed (requiring debenture trustees under the ILNC Regs) but seeking to list on a recognised stock exchange.
(im T1 NLU student with good internships looking for t1 internships btw)
As per Reg. 2(3)(ab) of the DT Regulations (https://www.sebi.gov.in/legal/regulations/jan-2023/securities-and-exchange-board-of-india-debenture-trustees-regulations-1993-last-amended-on-january-17-2023-_68136.html), a "body corporate" is defined to include
(1) Companies with public issues- listed
(2) Companies proposed to list- temporarily unlisted, filed DRHP.
SEBI FAQ Question 14 (https://www.sebi.gov.in/sebi_data/faqfiles/dec-2016/1482144051182.pdf) clarifies this.
"issue" is defined under 2(13)(ea) is defined to include
(i) Public issue of debentures
(ii) PP which seeks to list later- DRHP
Therefore, the Regulations include even unlisted debentures which are privately placed (requiring debenture trustees under the ILNC Regs) but seeking to list on a recognised stock exchange.
(im T1 NLU student with good internships looking for t1 internships btw)