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:
- A scheduled bank carrying on commercial activity;
- A public financial institution;
- An insurance company; or
- A body corporate.
