Trustee eligibility: trustees must be registered and the issuer must be a special purpose distinct entity, with prescribed registration procedures. Trustees for public offers or listings of securitised debt instruments must be registered under the debenture trustees regulations, the issuing vehicle must be a special purpose distinct entity, and both trustees and the special purpose entity must comply with these regulations and the Act; existing registered trustees at the date of amendment may continue. Applications for registration must be submitted in Form A with prescribed non refundable fees; incomplete or non conforming applications can be rejected after a Board specified opportunity to cure, and the Board may seek further information to decide applications.
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.
Trustee eligibility: trustees must be registered and the issuer must be a special purpose distinct entity, with prescribed registration procedures.
Trustees for public offers or listings of securitised debt instruments must be registered under the debenture trustees regulations, the issuing vehicle must be a special purpose distinct entity, and both trustees and the special purpose entity must comply with these regulations and the Act; existing registered trustees at the date of amendment may continue. Applications for registration must be submitted in Form A with prescribed non refundable fees; incomplete or non conforming applications can be rejected after a Board specified opportunity to cure, and the Board may seek further information to decide applications.
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