Share Monitoring Trustee

Share Monitoring Trustee

  A special purpose vehicle set up to ensure payment of interest and principal amount on due dates to the lenders/investors on behalf of the borrower/issuer. Under the arrangement, the borrower/issuer funds the trust account in advance of the due date of payment. The funds are invested in defined liquid funds on a daily basis, which generates earnings for the intervening period. Our services include: Our Services include: Settlement of Trust by execution and registration of Trust Deed Obtaining PAN/ TAN as required Open, operate and monitor trust account with a bank Utilize the trust funds towards the trust objects and investing the trust income in liquid/ cash/ securities etc., in accordance with the Trust Deed Managing and monitoring payments on due dates to lenders/investors Sharing MIS with lenders/ investors and borrowers/issuers as per stipulated periodicity Maintenance of proper books of accounts, annual audit of the trust by external auditors (on instructions of investors / lenders) and filing of income tax returns