As per the Companies Act, 2013, the appointment of a deposit trustee is mandatory for corporates (both public and private) raising secured deposits from individuals, partnerships, and HUFs. RBI requires NBFCs to maintain at all times full cover for public deposits accepted by them.
- NBFC to create a floating charge on the statutory liquid assets in favour of their depositors
- The floating charge can be created on statutory liquid assets, in favour of depositors through the mechanism of the trust deed
Our customized services include
- Creation of security in favour of depositors.
- Grievance redressal for depositors
Applicable in case of company deposits
- Monitoring of deposit insurance.
- Monitoring of charged assets of the company.
- Monitoring the creation and adequacy of deposit repayment reserve account.
