Rights of investors in securities issued by special purpose distinct entity

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.... comprising the terms of issue of the securitised debt instruments issued by a special purpose distinct entity shall provide that investors holding such securitised debt instruments have such beneficial interest in the underlying debt or receivables as may have been conferred by the scheme. (2) In the event of failure of the special purpose distinct entity to redeem any securitised debt instrum....

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....is mutandis apply to such special resolution: Provided further that the new trustee appointed under clause (c) is registered with the Board ^2[under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993]. (4) The trustee and the special purpose distinct entity shall take all reasonable steps to carry out the resolutions passed by the investors under sub-regulation....

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.... framed thereunder shall mutatis mutandis apply to the special resolution referred to in sub-regulation (7).     ************* NOTES:- 1.  Substituted vide F. No. SEBI/LAD-NRO/GN/2025/247 dated 05-05-2025 before it was read as, "sections 179 and 189 of the Companies Act, 1956 (1 of 1956)"  2.  Substituted vide F. No. SEBI/LAD-....