Obligations of debenture trustee

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....ers for protecting the interest of holders of municipal debt securities: Provided that, where the issuer is a body corporate to which the Companies Act, 2013 applies such powers shall include a right to appoint a nominee director on the Board of the issuer, in consultation with institutional holders of such securities. (2) The debenture trustee shall carry out its duties and perform its func....

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....nted under sub-regulation (7) of regulation 5 shall be vested with the requisite powers for protecting the interest of holders of debt securities. (2) The monitoring agency shall inspect on half yearly basis, the utilization of issue proceeds in accordance with objects of the issue as specified in offer document and report, material deviation, if any, to the concerned stock exchange for public ....