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....ture trustee shall ensure that the trust deed executed between a body corporate and debenture trustee shall amongst other things provide for the following matters namely: - Preamble 1. This section shall inter alia state the rights of the debenture holders and the manner in which these rights are vested in the trustee. Description of instruments 2. This section shall inter alia state the purpose of raising finance through debenture issue, description of debentures as regards amount, tenure, interest/coupon rate, periodicity of payment, period for redemption, options available, terms of conversion/redemption of the debentures in terms of the issue to the debenture holders, debt equity ratio and debt service coverage ratio, if app....

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....ll inter alia provide that: i. Debenture trustee is entitled to inspect the registers of the company and to take copies and extracts thereof; ii. Debenture trustee has a right to appoint a nominee director. Obligations of body corporates 6. This section shall inter alia state the following with respect to company's duties: 1. to maintain Register of debenture holders with addresses with record of subsequent transfers and changes of ownership. 2. to keep proper books of account open for inspection by debenture trustee. 3. to furnish whatever required information to debenture trustee including copies of reports, balance sheets, profit and loss accounts etc. 4. to keep charged property/security adequately insured and in....