Rejection of incomplete applications permitted, but applicants must be given time to remedy specified objections before denial. Regulation 5 provides that applications for registration as debenture trustees that are incomplete or do not conform to form instructions shall be rejected, subject to sub regulation (2) of regulation 3; however, the Board must indicate objections and give the applicant an opportunity to remove them within a specified time before rejecting the application.
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.
Rejection of incomplete applications permitted, but applicants must be given time to remedy specified objections before denial.
Regulation 5 provides that applications for registration as debenture trustees that are incomplete or do not conform to form instructions shall be rejected, subject to sub regulation (2) of regulation 3; however, the Board must indicate objections and give the applicant an opportunity to remove them within a specified time before rejecting the application.
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