What are the duties of debenture trustees?

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

A debenture trustee has various duties to perform viz.

  1. To ensure there is no breach in terms of the issue of debentures.
  2. To ensure that all conditions regarding the creation of debentures are met.
  3. To take the required steps to meet debenture holder obligations in case of a breach.
  4. To ensure that the debentures are converted or redeemed as per the terms of the offer.
  5. To convene a meeting between the issuer company and debenture holders.
  6. To resolve disputes between issuer company and debenture holders.
  7. To take necessary steps to ensure the interest of debenture holders is protected at all times.


Add a public comment...