Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Debenture trustees must proactively protect holders by verifying documents, monitoring security, reporting defaults, enforcing remedies, and ensuring payments</h1> Every debenture trustee must monitor and protect debenture holders' interests by ensuring offering documents and trust deeds are consistent and not prejudicial, obtaining timely reports and auditor certificates, overseeing creation and maintenance of security and fund utilisation, notifying holders and the regulator of defaults or breaches, convening meetings or seeking e-voting consent, appointing a nominee director on specified defaults, enforcing security and taking possession of trust property when required, ensuring timely dispatch/credit of debenture certificates and payments, performing due diligence before creating charges, maintaining required net worth, and entering inter-creditor agreements or other remedial actions as permitted.