Permanent registration for debenture trustees requires timely application, fee payment, declarations, and Board decision within set period. A debenture trustee with initial registration could apply for permanent registration within the period before expiry by submitting the prescribed form, a non refundable application fee, details of any changes to earlier filings and a declaration; the Board would process the application as if it were a fresh initial registration, decide within the prescribed period after receipt of all information, and, if satisfied of eligibility, grant and notify a certificate of permanent registration subject to payment of the prescribed fees.
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.
Permanent registration for debenture trustees requires timely application, fee payment, declarations, and Board decision within set period.
A debenture trustee with initial registration could apply for permanent registration within the period before expiry by submitting the prescribed form, a non refundable application fee, details of any changes to earlier filings and a declaration; the Board would process the application as if it were a fresh initial registration, decide within the prescribed period after receipt of all information, and, if satisfied of eligibility, grant and notify a certificate of permanent registration subject to payment of the prescribed fees.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.