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        SEBI

        Regulation 18 - Eligibility for appointment as trustee

        Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
        Chapter IV
        TRUSTEES AND THEIR OBLIGATIONS

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        Trustee eligibility limited to registered debenture trustees; association with scheme controllers disqualifies appointment; Form C filing required. Only persons registered as Debenture Trustees under the Debenture Trustee Regulations, 1993 are eligible as trustees of a collective investment scheme; persons directly or indirectly associated with controllers of the collective investment management company are ineligible; the management company must submit trustees' particulars to the Board in Form C.
                        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 limited to registered debenture trustees; association with scheme controllers disqualifies appointment; Form C filing required.

                              Only persons registered as Debenture Trustees under the Debenture Trustee Regulations, 1993 are eligible as trustees of a collective investment scheme; persons directly or indirectly associated with controllers of the collective investment management company are ineligible; the management company must submit trustees' particulars to the Board in Form C.


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