Comment on the following: (iii) Can a debenture issue be transferred? If so, when can a debenture trustee relinquish his assignments ?

Yes, a debenture issue can be transferred. A debenture trustee can relinquish his assignments in respect of the debenture issue of any body corporate only when another debenture trustee is appointed in its place by the body corporate . This ensures continuity in protecting the interests of debenture holders and prevents any gap in oversight.