When is a debenture trustee appointed?

Zerodha (Trade with the best stock broker)

A debenture trustee is appointed before issuing a prospectus and offering the debentures to the public for subscription. As per the companies act, it is mandatory to appoint a debenture trustee for every issue where the debentures/bonds are beyond 18 months of maturity. For debentures/bonds with a maturity of 18 months and less, are exempted from the requirement of debenture trustee appointment.


Add a public comment...