Debenture Trustees must submit revised half yearly compliance reports and cannot include trust deed clauses that dilute investor rights. Debenture Trustees must submit a revised half yearly electronic report covering compliance status, investor grievance redressal, details of debenture issues, defaults, and a compliance certificate; the Compliance Officer shall send the report within three months of each half year (effective from the half year ending March 2012), the board must review and record deficiencies and corrective measures, and any trust deed clauses that dilute or conflict with the mandatory provisions of Schedule IV are null and void.
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Provisions expressly mentioned in the judgment/order text.
Debenture Trustees must submit revised half yearly compliance reports and cannot include trust deed clauses that dilute investor rights.
Debenture Trustees must submit a revised half yearly electronic report covering compliance status, investor grievance redressal, details of debenture issues, defaults, and a compliance certificate; the Compliance Officer shall send the report within three months of each half year (effective from the half year ending March 2012), the board must review and record deficiencies and corrective measures, and any trust deed clauses that dilute or conflict with the mandatory provisions of Schedule IV are null and void.
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