Nature of work
Act as Trustee for Public Deposits accepted by Companies and NBFCs across India in accordance with the guidelines issued by RBI and NHB
Our Expertise
- Handled Trusteeship activities for a large number of companies and NBFCs relating to raising their public deposits.
- Thorough knowledge of RBI and NHB regulations and ensuring compliance of the same.
Services Offered
- Ensure payment of principal and interest amounts on due dates to deposit holders
- Obtain No Default Certificate from the Chartered Accountant confirming timely payment of interest and principal amounts to the depositors
- Ensure compliance with RBI and NHB regulations by companies / NBFCs
- Enable maintenance of Statutory Liquid Assets as per RBI and NHB Directions
- Verify quarterly returns (NBS 1, NBS 2, NBS 3) submitted to RBI and NHB
- Updating/Notify Issuers on amendments in Regulations on Acceptance of Public Deposits.
None of the SEBI investor protection mechanisms shall be available for any grievances or disputes arising out of or pertaining to the activities which are not regulated by SEBI.