Debenture trustees may run separate business units for specified activities, must ring fence net worth, and gain inspection and fund use rights. The amendments authorize debenture trustees to undertake other specified financial sector or fee based non fund activities via separate business units, require ring fencing of prescribed net worth from adverse impacts of such activities, mandate trust deeds to conform to section 71 and Form SH.12 in Board specified formats/timelines with limited permitted deviations documented by a key summary sheet, and grant trustees inspection and information calling rights plus controlled use of the Recovery Expense Fund with holder consent.
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 trustees may run separate business units for specified activities, must ring fence net worth, and gain inspection and fund use rights.
The amendments authorize debenture trustees to undertake other specified financial sector or fee based non fund activities via separate business units, require ring fencing of prescribed net worth from adverse impacts of such activities, mandate trust deeds to conform to section 71 and Form SH.12 in Board specified formats/timelines with limited permitted deviations documented by a key summary sheet, and grant trustees inspection and information calling rights plus controlled use of the Recovery Expense Fund with holder consent.
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