Registration criteria for debenture trustees require fit and proper status and specified infrastructure and qualifications. Consideration of applications for debenture trustee certification focuses on the applicant's operational capacity (adequate office space, equipment and manpower), relevant experience (direct trustee experience or employing experienced persons), employment of at least one person with a recognised professional law qualification, absence of prior refusal of registration, absence of convictions for moral turpitude or economic offences among directors or principal officers, demonstration of being a fit and proper person, and fulfillment of prescribed capital adequacy requirements.
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Provisions expressly mentioned in the judgment/order text.
Registration criteria for debenture trustees require fit and proper status and specified infrastructure and qualifications.
Consideration of applications for debenture trustee certification focuses on the applicant's operational capacity (adequate office space, equipment and manpower), relevant experience (direct trustee experience or employing experienced persons), employment of at least one person with a recognised professional law qualification, absence of prior refusal of registration, absence of convictions for moral turpitude or economic offences among directors or principal officers, demonstration of being a fit and proper person, and fulfillment of prescribed capital adequacy requirements.
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