Debenture trustees

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....2) A person shall not be appointed as a debenture trustee, in cases where the debenture trustee is an associate of the issuer or is likely to have conflict of interest in any manner. (3) A registered debenture trustee shall ensure that: (a) It accepts the trust deed which shall contain details on standard information pertaining to the debt issue and details specific to the particular d....

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....rest or default in creation of security or default in redemption of debentures; and the issuer shall be obliged to provide all requisite support in this regard, if legally permissible; (g) In case of breach of terms of the issue of debentures or covenants of the trust deed, it shall take reasonable steps to remedy such breach and inform the debenture holders immediately of any such breach....

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....been converted or redeemed in accordance with the terms of the issue of debentures; (n) It takes possession of the trust property in accordance with the terms of the trust deed; (o) The debentures have been credited in the demat accounts of the debenture holders; (p) Debenture holders have been paid the interest due on the debentures and the monies due to them on the dat....