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 schemes: redemption, legal maturity, or investor special resolution trigger trustee disposal and distribution obligations. Winding up of schemes occurs when securitised debt instruments are fully redeemed, upon legal maturity as stated in issue terms (with trustees disposing of any outstanding debt or receivable and distributing proceeds in accordance with the scheme), or by investor vote through a special resolution; trustees are responsible for realizing and distributing proceeds of outstanding receivables.
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.
Winding up of schemes: redemption, legal maturity, or investor special resolution trigger trustee disposal and distribution obligations.
Winding up of schemes occurs when securitised debt instruments are fully redeemed, upon legal maturity as stated in issue terms (with trustees disposing of any outstanding debt or receivable and distributing proceeds in accordance with the scheme), or by investor vote through a special resolution; trustees are responsible for realizing and distributing proceeds of outstanding receivables.
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