DEBENTURE BY PRIVATE LIMITED COMPANY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2010
PLEASE LET ME KNOW THE AS TO WHO COULD BE APPOINTED AS A TRUSTEE IN CASE OF A DEBENTURE ISSUE BY A PRIVATE LIMITED COMPANY
HAS IT TO BE THOSE AUTHORISED BY SEBI OR THE COMPANY CAN APPOINT ANY PERSON OF ITS CHOICE AS TRUSTEE
PLEASE GIVE NECESSARY GUIDANCE IN THIS REGARD
HAS IT TO BE THOSE AUTHORISED BY SEBI OR THE COMPANY CAN APPOINT ANY PERSON OF ITS CHOICE AS TRUSTEE
PLEASE GIVE NECESSARY GUIDANCE IN THIS REGARD
02 January 2011
To act as debenture trustee, the entity should either be a scheduled bank carrying on commercial activity, a public financial institution, an insurance company, or a body corporate. The entity should be registered with SEBI to act as a debenture trustee.
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