https://www.taxtmi.com/notifications?id=128588 Amendments define networth as paid-up equity plus free reserves less accumulated losses and deferred expenditure; require trustees to employ a qualified lawyer and meet a capital adequacy requirement in the form of a minimum networth, maintain that networth continuously, report any shortfall to the Board and not take new assignments until restored. Trustees are barred from acting where they are associates of or have outstanding or proposed loans to the issuer; trustees may not relinquish assignments until a replacement is appointed and are granted inspection and reporting powers, with detailed mandatory trust-deed contents specified. en-us Fri, 04 Jul 2003 00:00:00 +0530 Fri, 22 Feb 2019 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128588 Amendments define networth as paid-up equity plus free reserves less accumulated losses and deferred expenditure; require trustees to employ a qualified lawyer and meet a capital adequacy requirement in the form of a minimum networth, maintain that networth continuously, report any shortfall to the Board and not take new assignments until restored. Trustees are barred from acting where they are associates of or have outstanding or proposed loans to the issuer; trustees may not relinquish assignments until a replacement is appointed and are granted inspection and reporting powers, with detailed mandatory trust-deed contents specified. Notifications SEBI Fri, 04 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128588