banner_ad

Debenture

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 July 2010 Hello Sir,
My query is-
Can a Debtor of a Company become a Debenture Trustee of that company?
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
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
Profile Image

Jagruti (CS)

Profile Image

Jagruti (CS) (Expert)
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
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
22 July 2010 In my view there is no such limitation under law.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details