Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter III CONSTITUTION AND MANAGEMENT OF SPECIAL PURPOSE DISTINCT ENTITIES AND INCIDENTAL MATTERS
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Trustee duties ensure compliance and protect investors by supervising security creation, enforcement, disclosures, and reporting. A trustee must exercise due care and diligence, ensure covenant compliance, supervise creation and enforcement of security, monitor servicer and originator performance through quarterly reports and auditor certificates, share such material with rating agencies, ensure repayment/redemption per offering terms, call investor meetings for requisitions or material defaults with facilitation by electronic means, maintain required net worth and infrastructure, appoint a compliance officer, promptly inform investors and the Board of material adverse changes, and redress investor grievances within the prescribed timeframe.
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 duties ensure compliance and protect investors by supervising security creation, enforcement, disclosures, and reporting.
A trustee must exercise due care and diligence, ensure covenant compliance, supervise creation and enforcement of security, monitor servicer and originator performance through quarterly reports and auditor certificates, share such material with rating agencies, ensure repayment/redemption per offering terms, call investor meetings for requisitions or material defaults with facilitation by electronic means, maintain required net worth and infrastructure, appoint a compliance officer, promptly inform investors and the Board of material adverse changes, and redress investor grievances within the prescribed timeframe.
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