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Who can be a debenture trustee?

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Anyone who fulfils the below criteria can apply for debenture trustee registration with SEBI for their consideration:

  • Has necessary infrastructure like adequate office space, equipment and manpower to effectively discharge his duties.
  • Has in his employment minimum of two persons with experience relevant to debenture trustee and at least one person who possesses professional qualification in law
  • Is a fit and proper person i.e. having financial integrity, competence, good reputation and character, efficiency and honesty and has no convictions, civil liabilities or any disqualifications to act as an intermediary.
  • Fulfils the capital adequacy requirement of net worth not less than one crore rupees.
  • The applicant should either be:
    1. A scheduled bank carrying on commercial activity;
    2. A public financial institution;
    3. An insurance company; or
    4. A body corporate.

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