Filling the certificate
A row per tranche, every covenant with management's comment, and the periods the procedures name.
Five steps: the company, the debentures, the covenants, the verification, then review and issue.
1. Company & Engagement
Name, constitution, registered office, PAN and GSTIN, with the certificate and engagement dates.
Note
As with the scheme certificate, the name and registered office you enter here are also the address block: this certificate is addressed to the company's own Board of Directors.
2. Debentures & Trustee
- Half Year Endedrequired
Normally 30 September or 31 March. A date rather than a year, because the certificate is half-yearly.
- Name of the Debenture Trusteerequired
Who the certificate is submitted to.
- Financial Year Ended (of the audited accounts)required
- Date of your Unmodified Opinionrequired
Then one row per tranche:
- Reported onrequired
Statement I or Statement II. Each Statement gets its own enclosed page.
- Debenturesrequired
Described as the certificate should print it — "1,000 debentures (500 outstanding)". The phrase "listed, rated, unsecured, redeemable, non-convertible debentures" is added for you.
- Governing Memorandumrequired
Information Memorandum or Placement Memorandum, with its date.
- Date of the Debenture Trust Deedrequired
- Schedule / Clause / Part of the Trust Deed
Where the covenants are set out. Each is optional, and only those filled are cited. Enter the reference alone: "Third Schedule", "4", "B". The certificate adds "the", "Clause" and "Part", and drops them if you typed them too.
- Clause of the Memorandum
Where the financial, negative and ownership covenants are set out. The number alone; "Clause" is added.
Note
Each tranche becomes a lettered item — a), b) — in both the scope paragraph and your responsibility paragraph. Enter one tranche and you get one item, not an empty second.
3. Covenants
Every covenant, entered once.
- Statementrequired
Which enclosed Statement reports it.
- Headingrequired
A (covenant to pay), B (negative), C (information), or the memorandum covenants that print in a second table beneath.
- Clause No.
As the trust deed numbers it — 2.1(a), Schedule 3. May be left blank.
- Covenantrequired
The covenant as the deed words it.
- Management's comment on compliance
As represented by management. This is the column the trustee reads.
Warning
The certificate says you relied on management's representation for covenants other than the ratios, rating and repayment schedule. The comments in this column are those representations — record them as given.
4. Verification
What the procedures paragraph names. The figures themselves are never printed, so they are not asked for.
- EBITDA computed for the period from / torequired
- Credit Rating Agencyrequired
Whose communication the rating came from. Defaults to ICRA.
- No sums were due for the period from / torequired
Verified against the repayment schedule in the trust deed.
5. Review & Issue
Check the preview, choose the issuing firm, enter the UDIN.
Warning
Read paragraph 7 and procedure (e) before issuing. Between them they say what this certificate is not — not an audit opinion on the financial information, and not independent verification of every covenant. Both are meant to be there.
Submitting takes you to the editor. The Annexure and the Statements follow the certificate, a page each.
Last updated 30 Sept 2026
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