Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 Chapter IV CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES
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Debenture trustee powers: ensure investor protection through nominee-director rights, ongoing disclosures and supervision of security creation. Regulation 25 requires the debenture trustee to be vested with requisite powers, including a consultative right to appoint a nominee director, and to perform duties under applicable regulations, the trust deed and offer document with due care, diligence and loyalty. The trustee must ensure ongoing disclosure of all material events and supervise implementation of security creation and the debenture redemption reserve to protect holders of debt securities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Debenture trustee powers: ensure investor protection through nominee-director rights, ongoing disclosures and supervision of security creation.
Regulation 25 requires the debenture trustee to be vested with requisite powers, including a consultative right to appoint a nominee director, and to perform duties under applicable regulations, the trust deed and offer document with due care, diligence and loyalty. The trustee must ensure ongoing disclosure of all material events and supervise implementation of security creation and the debenture redemption reserve to protect holders of debt securities.
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