Debenture trustees are not allowed to act as trustee for digital gold: SEBI

The SEBI has noticed that some registered Debenture Trustees (DT) are undertaking activities related to unregulated products such as acting as a trustee for digital gold and such is not in accordance with the provisions of the SEBI Act, 1992. As a result, SEBI has advised DT to disassociate themselves from undertaking activities related to unregulated products such as digital gold.The SEBI has noticed that some registered Debenture Trustees (DT) are undertaking activities related to unregulated products such as acting as a trustee for digital gold and such is not in accordance with the provisions of the SEBI Act, 1992. As a result, SEBI has advised DT to disassociate themselves from undertaking activities related to unregulated products such as digital gold.taxmann.com Latest Statutory HappeningsRead More

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