https://www.taxtmi.com/acts?id=12425 Trustees cannot be exempted from or indemnified against liability for breach of trust where they fail to show the required degree of care and diligence; releases given before the statute remain valid, and releases or extensions of benefit may be authorised thereafter by a resolution of the requisite debenture-holder majority, applying to all trustees or to named trustees as specified, or by court-approved meeting procedures where the deed is silent. en-us Mon, 09 May 2011 12:55:46 +0530 Mon, 09 May 2011 12:56:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12425 Trustees cannot be exempted from or indemnified against liability for breach of trust where they fail to show the required degree of care and diligence; releases given before the statute remain valid, and releases or extensions of benefit may be authorised thereafter by a resolution of the requisite debenture-holder majority, applying to all trustees or to named trustees as specified, or by court-approved meeting procedures where the deed is silent. Act-Rules Companies Law Mon, 09 May 2011 12:55:46 +0530 https://www.taxtmi.com/acts?id=12425