AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Eligibility criteria for trustees
X X X X Extracts X X X X
X X X X Extracts X X X X
....securitised debt instruments or seek listing for such securitised debt instruments unless - (a) it is constituted as a special purpose distinct entity; (b) all its trustees are registered with the Board under ^3[the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993]; and (c) it complies with all applicable provisions of these regulations and t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....vide F. No. SEBI/LAD-NRO/GN/2025/247 dated 05-05-2025 6. Omitted vide F. No. SEBI/LAD-NRO/GN/2025/247 dated 05-05-2025 before it was read as, "(2) The requirement of obtaining registration shall not apply to the following persons, who may act as trustees of special purpose distinct entities, namely:- (a) any person registered as a debentu....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... apply to the National Housing Bank and the National Bank for Agriculture and Rural Development to the extent of inconsistency with the provisions of their respective Acts. ^1[(e) any scheduled commercial bank other than a regional rural bank; (f) any public financial Institution as defined under clause (72) of section 2 of the Companies Act, 2013; and (g) any other pers....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ign university: Provided that the above-said requirements are not applicable on the National Housing Bank established by the National Housing Bank Act, 1987 and National Bank for Agriculture and Rural Development established by the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981).] (3) An application for registration shall be made by the trustee to the B....