Debenture trustee software and security trustee software for trustee companies
By LCode Technologies · Updated
In short
Debenture and security trustee companies track security, covenants, certificates and fees across many mandates on fixed regulatory timelines. LCode Technologies' Reach Trustee Management Suite (RTMS), launched in 2015, supports security, debenture, escrow, lenders' agent and share pledge trustee services with alerts, document management, billing, SEBI/RBI reporting and CERSAI management.
Key facts
| Regulator | SEBI, under the SEBI (Debenture Trustees) Regulations, 1993 [1] |
|---|---|
| Operating framework | SEBI Master Circular for Debenture Trustees, 13 August 2025 [2] |
| Security cover certificate | Quarterly, within 75 days of quarter end, or 90 days for the last quarter [2] |
| Relevant LCode product | Reach Trustee Management Suite (RTMS) |
Which LCode products fit trustee companies?
| Need | LCode product | What it provides |
|---|---|---|
| Never missing covenant, interest and redemption dates | Reach Trustee Management (RTMS) | Alerts management for compliance, redemption and interest. |
| Consistent due diligence letters, notices and certificates | Reach Trustee Management (RTMS) | Document generation based on pre-defined templates. |
| Custody of trust deeds and security documents | Reach Trustee Management (RTMS) | Document scanning, storage and controlled access. |
| Charge registration records and regulatory returns | Reach Trustee Management (RTMS) | SEBI/RBI reporting and CERSAI management. |
| Trusteeship fees and accounts | Reach Trustee Management (RTMS) | An integrated billing module with financial accounting and fixed asset management. |
Which SEBI obligations create recurring work for debenture trustees?
SEBI's Master Circular for Debenture Trustees sets due diligence, security and covenant monitoring, quarterly security cover certification and default handling, each with deadlines that repeat across every mandate a trustee holds [2].
- Due diligence: valuation, ROC search and title search reports and a security cover certificate, with due diligence records kept for five years from redemption [2].
- Encumbrance checks: verifying existing charges with the ROC, the sub-registrar, CERSAI, information utilities or other sources before security is created [2].
- Security and Covenant Monitoring System: a depository-hosted platform where the trustee validates the covenants the issuer enters within seven working days of signing the debenture trust deed, and uploads its reports and certificates [2].
- Security cover: certified quarterly and submitted within 75 days of the end of each quarter, or within 90 days for the last quarter [2].
- Issuer reporting: calling for periodical status or performance reports within 7 days of the relevant board meeting or 45 days of the quarter, whichever is earlier [1].
This summary is for general information and is not legal or compliance advice. Refer to the current SEBI Regulations and Master Circular.
What should a trustee company check when choosing trustee management software?
Check that it covers every trustee service you offer, turns SEBI timelines into alerts, keeps documents retrievable under access control, records charge registrations and ties fees and accounts to each mandate.
- Service coverage: debenture, security, escrow, lenders' agent and share pledge mandates on one platform.
- Deadlines: quarterly security cover, covenant and issuer reporting windows as scheduled alerts [2].
- Documents: template-based generation and indexed storage of trust deeds, security documents and certificates.
- Charges: where each charge is registered, including CERSAI, and its evidence [2].
- Controls: maker-checker approval on sensitive entries.
- Finance: acceptance and annual fees billed per mandate and posted to the ledger.
Frequently asked questions
Which trustee services does LCode's RTMS support?
RTMS supports security trustee, debenture trustee, escrow trustee, lenders' agent and share pledge trustee services on one centralized platform, with template-based documents, controlled document storage, compliance, redemption and interest alerts, integrated billing and accounting, SEBI/RBI reporting and CERSAI management.
What is debenture trustee software?
Debenture trustee software is trustee management software that tracks a trustee company's mandates: security and covenant deadlines, quarterly security cover certificates, trust deeds and documents, charge registrations including CERSAI, regulatory reporting and fees. LCode's RTMS is debenture trustee and security trustee software built for capital trustee companies.
How often must a debenture trustee certify security cover?
Quarterly. Under SEBI's Master Circular for Debenture Trustees (August 2025), the certificate is submitted within 75 days from the end of each quarter, or within 90 days for the last quarter of the financial year.
What is SEBI's Security and Covenant Monitoring System?
A platform hosted by the depositories for recording security creation and monitoring security cover and covenants. The debenture trustee validates the covenants entered by the issuer within seven working days of signing the debenture trust deed and uploads its reports and certificates to the system.
Does RTMS help with regulatory reporting?
Yes. RTMS includes SEBI and RBI reporting and CERSAI management.
When was RTMS launched?
LCode Technologies launched the Reach Trustee Management Suite (RTMS) in 2015.
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Related guides
Sources
- Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993 [last amended on October 27, 2025] — Securities and Exchange Board of India
- Master Circular for Debenture Trustees (DTs), SEBI/HO/DDHS-PoD-1/P/CIR/2025/117, August 13, 2025 — Securities and Exchange Board of India