What is the work of a debenture trustee?

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.

The most important work of a debenture trustee is to protect the interest of the debenture holders. The debenture trustee assists the issuer company in issuance and distribution of the debentures. The debenture trustee needs to keep a constant check on the issuer company doings to ensure that the conditions laid in the offer are met. In case of any default by the issuer company, the Debenture trustee has the power and authority to sell the secured property and use the proceeds to meet the debenture holder obligations.


Add a public comment...