Would a debenture trustee and debenture trust deed be required/applicable in the case of a listed company issuing unlisted debentures?

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February 23, 2025 at 8:23 pm

Need insights from banking and finance lawyers/experts:

The appointment of a debenture trustee and execution of a debenture trust deed are mandatory under Section 71 of the Companies Act, 2013.

But there is no such explicit requirement under the section or the act to appoint or execute the same in the case of a listed company issuing unlisted debentures.

So compliance to this section would not be required in the above scenario, right?

Additionally, if you know of any other compliances applicable for this scenario, please lmk.

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