Deb trustee
Rohit (ipcc) (52 Points)
24 February 2014
can debenture holder of a company be appointed as debenture trustee of the same company...???
Chinnu Raj
(CA Final Student B.Com)
(1067 Points)
Replied 25 February 2014
A debenture trustee means a trustee of a trust deed for securing any issue of
debentures of a body corporate and 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.
Rohit
(ipcc)
(52 Points)
Replied 25 February 2014
Chinnu Raj
(CA Final Student B.Com)
(1067 Points)
Replied 25 February 2014
Ohh Okok.........Then he is not eligible even though he satisfies the above conditions.....
Rohit
(ipcc)
(52 Points)
Replied 25 February 2014
Chinnu Raj
(CA Final Student B.Com)
(1067 Points)
Replied 25 February 2014
Ohh You mean my answer was wrong???So can a Deb holder of a comp become a deb trustee???The answer is no
Rohit
(ipcc)
(52 Points)
Replied 25 February 2014
Chinnu Raj
(CA Final Student B.Com)
(1067 Points)
Replied 26 February 2014
Ohh okok Rohit,then let us wait/ask other experts on this issue......
CAclubindia
