Debenture
This query is : Resolved
21 July 2010
Hello Sir,
My query is-
Can a Debtor of a Company become a Debenture Trustee of that company?
My query is-
Can a Debtor of a Company become a Debenture Trustee of that company?
21 July 2010
Hi,
Keeping in view the intention of law under proviso to sub-section (1) of section 117B read with section 117B(2), a debtor can not be appointed as debenture trustee.
Views of other experts solicited.
Regards
Keeping in view the intention of law under proviso to sub-section (1) of section 117B read with section 117B(2), a debtor can not be appointed as debenture trustee.
Views of other experts solicited.
Regards
Message likes :
1 times
21 July 2010
Yes, agreed with Mr. Ankur that any person entitled to money which are to be paid by the Company to the debenture trustee cannot be appointed as debenture trustee
Message likes :
1 times
22 July 2010
In my view there is no such limitation under law.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
