Debenture trustee liability: regulatory noncompliance and failure to cooperate can trigger intermediary enforcement and broader measures. Liability attaches to a debenture trustee that breaches certificate conditions, contravenes securities or companies law provisions, provides false or misleading information, fails to submit required returns, does not cooperate with enquiries or investigations, or fails to resolve investor complaints; such conduct is subject to action under the Intermediaries Regulations, while preserving the regulator's broader statutory powers to issue directions and measures under applicable law.
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.
Debenture trustee liability: regulatory noncompliance and failure to cooperate can trigger intermediary enforcement and broader measures.
Liability attaches to a debenture trustee that breaches certificate conditions, contravenes securities or companies law provisions, provides false or misleading information, fails to submit required returns, does not cooperate with enquiries or investigations, or fails to resolve investor complaints; such conduct is subject to action under the Intermediaries Regulations, while preserving the regulator's broader statutory powers to issue directions and measures under applicable law.
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