What are disqualifications for debenture trustees ?

The disqualifications for debenture trustees as referred in Rule 18 of the Companies (Share Capital & Debentures) Rules, 2014, are as under: beneficially holds shares in the company; is a promoter, director or key managerial personnel or any other officer or an employee of the company or its holding, subsidiary or associate company; is beneficially entitled to moneys which are to be paid by the company otherwise than as remuneration payable to the debenture trustee; is indebted to the company, or its subsidiary or its holding or associate company or a subsidiary of such holding company; has furnished any guarantee in respect of the principal debts secured by the debentures or interest thereon; has any pecuniary relationship with the company amounting to 2% or more of its gross turnover or total income or fifty lakh rupees or such higher amount as may be prescribed, whichever is lower, during the two immediately preceding financial years or during the current financial year; is relative of any promoter or any person who is in the employment of the company, as a director, or as a key managerial personnel.