Regulation 34 - Rights of investors in securities issued by special purpose distinct entity
Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter VI RIGHTS OF INVESTORS
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Investor rights in securitised debt: investors can call meetings and pass special resolutions to replace trustee or wind up scheme. Investors holding securitised debt instruments have the beneficial interest in underlying receivables as conferred by the scheme. On failure to redeem in accordance with the offer or terms, investors meeting a nominal holding threshold may call a meeting to move motions to wind up the scheme and distribute realisations, remove and replace the trustee (the replacement to be registered with the Board). Resolutions require special resolution approval; trustee and issuer must take reasonable steps to implement resolutions, expenses are met from asset-pool realisations, and variations to terms require investor consent via notice and special resolution through e-voting.
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.
Investor rights in securitised debt: investors can call meetings and pass special resolutions to replace trustee or wind up scheme.
Investors holding securitised debt instruments have the beneficial interest in underlying receivables as conferred by the scheme. On failure to redeem in accordance with the offer or terms, investors meeting a nominal holding threshold may call a meeting to move motions to wind up the scheme and distribute realisations, remove and replace the trustee (the replacement to be registered with the Board). Resolutions require special resolution approval; trustee and issuer must take reasonable steps to implement resolutions, expenses are met from asset-pool realisations, and variations to terms require investor consent via notice and special resolution through e-voting.
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