Capital Adequacy Requirement requires debenture trustees to maintain prescribed minimum net worth, with a transitional compliance period. The regulation requires that a debenture trustee maintain a minimum net worth of ten crore rupees, and provides that a debenture trustee holding a certificate of registration on commencement of the 2019 amendment shall fulfil the net worth requirement within three years from that commencement.
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Provisions expressly mentioned in the judgment/order text.
Capital Adequacy Requirement requires debenture trustees to maintain prescribed minimum net worth, with a transitional compliance period.
The regulation requires that a debenture trustee maintain a minimum net worth of ten crore rupees, and provides that a debenture trustee holding a certificate of registration on commencement of the 2019 amendment shall fulfil the net worth requirement within three years from that commencement.
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