Change in control approval: debenture trustees must obtain prior board consent and meet ongoing registration compliance. Registration of debenture trustees is conditional on prior Board approval for any change in control, payment of prescribed registration fees, prompt investor grievance redressal and reporting, maintenance of capital adequacy as per regulation 7A, compliance with applicable regulations governing trustee activities, and immediate intimation to the Board of changes in information submitted at registration; the duty to obtain fresh registration under the Act, where applicable, remains unaffected.
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.
Change in control approval: debenture trustees must obtain prior board consent and meet ongoing registration compliance.
Registration of debenture trustees is conditional on prior Board approval for any change in control, payment of prescribed registration fees, prompt investor grievance redressal and reporting, maintenance of capital adequacy as per regulation 7A, compliance with applicable regulations governing trustee activities, and immediate intimation to the Board of changes in information submitted at registration; the duty to obtain fresh registration under the Act, where applicable, remains unaffected.
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