Appointment of debenture trustees and duties of debenture trustees.

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....e company has, before such issue, appointed one or more debenture trustees for such debentures and the company has, on the face of the prospectus or the letter of offer, stated that the debenture trustee or trustees have given their consent to the company to be so appointed: Provided that no person shall be appointed as a debenture trustee, if he___      (a) beneficially hold....

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....bsp; (a) to ensure that the assets of the company issuing debentures and each of the guarantors are sufficient to discharge the principal amount at all times;      (b) to satisfy himself that the prospectus or the letter of offer does not contain any matter which is inconsistent with the terms of the debentures or with the trust deed;      (c) to ensure th....

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....ter, by an order, impose such restrictions on the incurring of any further liabilities as the 2[Central Government] thinks necessary in the interests of holders of the debentures: [3][Provided that in the case of revival and rehabilitation of a sick industrial company under Part VIA, the provisions of this section shall have effect as if for the words "Central Government", the word "Tribunal" had....