Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter IV SCHEMES OF SPECIAL PURPOSE DISTINCT ENTITIES
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Winding up of securitised debt schemes follows redemption, maturity, investor resolution, or regulatory direction in investor interest. A scheme may be wound up when the securitised debt instruments are fully redeemed, on legal maturity under the terms of issue, by investors through a ... Summary
Winding up of securitised debt schemes follows redemption, maturity, investor resolution, or regulatory direction in investor interest.
A scheme may be wound up when the securitised debt instruments are fully redeemed, on legal maturity under the terms of issue, by investors through a special resolution, or when the Board directs winding up in the interest of investors. If any debt or receivable remains outstanding at legal maturity, the trustees must dispose of it in accordance with the scheme and distribute the proceeds.
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