What is meant by debenture trust deed?
Debenture Trust Deed means a deed executed by a company and trustees appointed by the deed in connection with the issue of debentures, together with any supplemental deed, resolution or scheme of arrangement modifying the terms thereof, and any deed substituted therefor; Sample 1.
Is debenture trust deed created by company?
The document created by the company, whereby trustees are appointed to protect the interest of debenture-holders before they are offered for public subscription is known as Debenture Trust Deed.
Who is known as debenture trust deed?
(b) The agreement created by the company, whereby trustees are appointed to protect the interest of debenture-holders before they are offered for public subscription is known as Debenture Trust Deed. Members as well as debenture holders can inspect the deed and also get a copy of it by paying a certain fee.
What is the purpose of debenture Trust Deed?
A debenture trust deed is a debt instrument that is accompanied by a contract for repayment from the company issuing the debt. The company receives cash to fund its capital expenditures, and the investor receives guaranteed interest and principal payments.
What does a debenture trust deed do for a company?
How is the issue of a debenture secured?
The issue of debentures is generally secured by a debenture trust deed by which the property forming the security is charged by way of mortgage to the trustees. The trust deed provides the terms and conditions on which the charge is held and may be enforced. The debenture trust deed shall be executed within six months of the closure of the issue.
When is the effective date of debenture Trust?
THIS DEBENTURE TRUST DEED (this “Deed”) is made at Mumbai on this 17thday of March, 2021 (“Effective Date”); BETWEEN
How is a debenture trustee registered in India?
The Debenture Trustee is registered with the Securities Exchange Board of India as a debenture trustee under the Securities and Exchange Board of India (Debenture Trustee) Regulations, 1993; F.
