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Eligibility for being debenture trustee

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Full Text of the Document

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....r>^1[Eligibility for being debenture trustee. 7. No person shall be entitled to act as a debenture trustee unless it is :- (a) a scheduled bank carrying on commercial activity; or ....

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Full Text of the Document

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.... Prior to the same, regulation 7 read as follows: "Eligibility for being debenture trustee. 7. No person shall be entitled to act as a debenture trustee unless he is either- (a) a scheduled b....

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