Debenture Trustees Can Start New Business Verticals with RBI Consent, Ensuring No Conflict with Trusteeship | SEBI
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- Last Updated on 18 December, 2024
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Informal Guidance No. SEBI/HO/DDHS/PoD-3/P/OW/2024/29617/1, Dated 16.09.2024
A company sought informal guidance on whether a SEBI-registered Debenture Trustee (DT) can start a new business vertical for marketing CASA deposits, retail loans, and engaging DSAs for its parent company. SEBI clarified that a DT can start a new business vertical. However, they must report to SEBI every half-year, ensuring they don’t conflict with debenture trusteeship. DTs must also obtain NOC/consent from the RBI for these activities and submit it to SEBI before commencing.
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