This document outlines SEBI guidelines for issuing debentures in India. It defines debentures and different types like convertible and non-convertible debentures. The key SEBI guidelines for debentures include requiring credit ratings from accredited agencies, mandatory disclosures for investors, appointing a debenture trustee to protect investors, establishing a debenture redemption reserve, and restrictions on conversion periods for convertible debentures unless optional "put" and "call" options are provided. Listing of debt instruments on exchanges is permitted if the credit rating is at least A or equivalent.