For a private company issuing debentures secured by charge on immovable asets :
1. Is it necessary to appoint Debenture trustee
2. Can any person be appointed as Debenture trustee or is there any specified category of persons.
Kindly enlighten.
Manish (Senior Manager (CS & Legal)) (32 Points)
10 June 2011For a private company issuing debentures secured by charge on immovable asets :
1. Is it necessary to appoint Debenture trustee
2. Can any person be appointed as Debenture trustee or is there any specified category of persons.
Kindly enlighten.
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114220 Points)
Replied 05 September 2011
1. debenture trustee needs to be appointed.
2.
Who can be Trustees?
Only the following are eligible to be debenture trustee:
Who can not be a Trustee?
No person can be appointed as a trustee if he:
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