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Contents of Instrument of Trust

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Full Text of the Document

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....Trust The Trust Deed or other constitutional document shall contain the following, namely:- 1. That the trustees shall take into their custody, or under their control the debts or receivables of the schemes of the special purpose distinct entity and hold it in trust for the benefit of investors. 2. That the investors in the securitised debt instruments have such beneficial interest in the under....

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Full Text of the Document

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.... Board. 8. The trustees shall take reasonable and due care to ensure that the funds raised under the schemes launched by the special purpose distinct entity are in accordance with the provisions of the Act and these regulations. 9. The details of the Trust Property. 10. The trustee shall issue certificate or instrument (by whatever name called) evidencing the beneficial interest of the investor....