Capital Adequacy Requirement.
The capital adequacy
requirement for Debenture Trustee shall not be less than the networth of two
crore rupees:
Provided that a debenture trustee, who was granted a
certificate of initial or permanent registration, as the case may be, under
these regulations prior to the commencement of the Securities and Exchange
Board of India (Debenture Trustees) (Second Amendment)
Regulations, 2011, shall raise its networth to the said
minimum within a period of two years from such commencement.”
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