Eligibility criteria for trustees

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..... blic offer of securitised debt instruments or seek listing for such securitised debt instruments unless (a) it is constituted as a special purpose distinct entity; (b) all its trustees are registered with the Board under these regulations; and (c) it complies with all applicable provisions of these regulations and the Act. (2) The requirement of obtaining registration shall not apply .....

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..... other provisions of these regulations: Provided further that the provisions of these regulations shall not apply to the National Housing Bank and the National Bank for Agriculture and Rural Development to the extent of inconsistency with the provisions of their respective Acts. 1 [(e) any scheduled commercial bank other than a regional rural bank; (f) any public financial Institution a .....

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..... on recognised by the Central Government or any State Government or a foreign university: Provided that the above-said requirements are not applicable on the National Housing Bank established by the National Housing Bank Act, 1987 and National Bank for Agriculture and Rural Development established by the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981).] (3) An appli .....

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