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<h1>Regulation 13A bars debenture trustee appointments with financial ties to companies unless government guarantee or specific conditions apply.</h1> Regulation 13A of the SEBI (Debenture Trustees) Regulations, 1993, prohibits a person from being appointed as a debenture trustee if they have certain affiliations or financial interests with the body corporate. These include being an associate, shareholder, promoter, director, or key personnel of the company, having financial entitlements or debts with the company, or having a significant pecuniary relationship. Exceptions apply if there is a government guarantee for the debentures. Additionally, a debenture trustee cannot be appointed if they have lent money to the company unless certain conditions under previous regulations are met.