Record retention duties require debenture trustees to preserve trustee books for the prescribed period and notify the regulator of location. Debenture trustees must keep proper books of account, records and documents relating to trusteeship functions for not less than five financial years from the date of redemption of debentures, subject to any other law, and must intimate to the Board the place where such books, records and documents are maintained.
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.
Record retention duties require debenture trustees to preserve trustee books for the prescribed period and notify the regulator of location.
Debenture trustees must keep proper books of account, records and documents relating to trusteeship functions for not less than five financial years from the date of redemption of debentures, subject to any other law, and must intimate to the Board the place where such books, records and documents are maintained.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.