Duties of debenture trustee

(1) call for periodical reports from the body corporate; (2) take possession of trust property in accordance with the provisions of the trust deed; (3) enforce security in the interest of the debenture holders; (4) do such acts as necessary in the event the security becomes enforceable; (5) carry out such acts as are necessary for the protection of the debenture holders and to do all things necessary in order to resolve the grievances of the debenture holders; (6) ascertain and specify that: (a) in case where the allotment letter has been issued and debenture certificate is to be issued after registration of charge, the debenture certificates have been despatched by the body corporate to the debenture holders within 30 days of the registration of the charge with ROC