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    <title>Amendment allows debenture trustees to run separate fee-based units, ring-fence net worth, and follow section 71/Format SH.12</title>
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    <description>The amendment permits debenture trustees to undertake other financial-sector or fee-based non-fund activities on an arm&#039;s-length basis through separate business units, subject to conditions and specified regulator guidelines; trustees also must ring-fence required net worth and, if regulated by the central bank, operate debenture-trustee functions via a separate unit, with a six-month transition window for existing registrants. Trust deed acceptance must follow section 71/Format SH.12 timelines, allowing deviations only with a key summary and rationale in issuer disclosures. Trustees gain express inspection and information-call powers and may use a Recovery Expense Fund with debenture-holder consent.</description>
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    <pubDate>Thu, 30 Oct 2025 20:43:41 +0530</pubDate>
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      <description>The amendment permits debenture trustees to undertake other financial-sector or fee-based non-fund activities on an arm&#039;s-length basis through separate business units, subject to conditions and specified regulator guidelines; trustees also must ring-fence required net worth and, if regulated by the central bank, operate debenture-trustee functions via a separate unit, with a six-month transition window for existing registrants. Trust deed acceptance must follow section 71/Format SH.12 timelines, allowing deviations only with a key summary and rationale in issuer disclosures. Trustees gain express inspection and information-call powers and may use a Recovery Expense Fund with debenture-holder consent.</description>
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