Trusteeship services

Under the guidance of highly experience and skilled professionals, we offer one stop solutions, by delivering wide range of trusteeship services in close cooperation with founders, beneficiaries, trust protectors, lawyers, advisors and managers of the organization.

We provide following services :

Family Office Trustee Services:

Succession Planning
Inheritance Tax Planning
Family Trusts/ Private Trusts
Will
Family Settlements
Dilution of Non-Core Family Assets
Identifying Investment Opportunities for Family Surplus Funds
Regulatory and Tax Aspects for the above matters
Assistance, Advisory and Support Services for NRI’s/PIO/OCI including of FEMA
Management of strategic investments through the implementation of financial reporting and other MIS
Restructuring / Reorganizing of a Family Business
Ensuring Tax and Regulatory Compliances for Family Office

Security Trustee Service

Assistance to Borrower in Security Creation
Ensuring Timely Registration of Charge with ROC, CERSAI & Information Utility.
Verifying Title & Valuation of Security / Collateral offered.
Retention of Security & continuous monitoring of Asset Cover.
Follow up for timely interest Payments & Principal Redemption.
Meticulous compliance with terms of Sanction & Agreements executed.
Prompt response to Lender Grievances.
Proactive Security Enforcement as per terms of Agreement &/or Instructions of
Lenders while Maintaining Adherence to applicable Laws & Regulations.
Effectual Communication to & from with all Stakeholders involved.

Share Pledge Services

Monitor Loans against Shares.
Vetting transaction documents provided by the Lender.
Monitor compliance as per Share Pledge Agreement.
Monitor Valuation of Shares on an ongoing basis.
Hold shares as security on behalf of Lenders as Share Pledge Trustee.
Give top-up notice and top-down notice as warranted.
Intimate Lender upon receiving margin money / top-up.
Provide monitoring report on daily / weekly / monthly basis reflecting various covenants.
Sell shares upon invocation of pledge on Lender’s instructions.
Open escrow account and transfer proceeds of shares received from brokers to Lender’s account on invocation of security.

Escrow and Monitoring Agency

Drafting & Vetting of Escrow Agreement
Set up of Escrow Mechanism envisaging future cash flows & waterfall disbursement.
Review of documentation & synergizing of Escrow Mechanism with terms of sanctioned facilities.
Expeditious opening & management of :

• Escrow Current Account with Banks for retention of funds

• Escrow Demat Account with Depositories for retention of securities
Ensuring smooth flow of funds from and to Escrow Account
Monitoring of Fund Movement
Periodic/Daily valuation & monitoring of securities
Release of assets post assurance due diligence & compliance of extant terms.

Trusteeship Services for SPV with POA

Drafting & Vetting of Legal Documents
Compliance with RBI Guidelines and SEBI Guidelines
Regular analysis of Servicer reports
Ensuring timely and accurate payouts
Co-ordination amongst Originators, Arrangers, Legal Counsels, Investors, Servicers, Bankers & Rating Agencies among others
Credit enhancement/liquidity facility invocation (in case of shortfall) as per RBI Guidelines
Enabling smooth flow of proceeds from Investors to the Originator
Quarterly Audit for various trusts along with issuance of TDS certificates to the beneficiaries wherever TDS implications are involved
Monitoring the credit enhancement as stipulated by the Rating Agency
Periodic (monthly / quarterly reports) along with future cash flows factoring prepayments to the investor, originator & rating agency
Prompt response to Investor queries & clarifications sought

Facility Agent

Confirming to Pre & Post Disbursement Compliances
Monitoring of covenants as per terms of sanction
System generated Interest Payment & Principal Redemption Calculations
Periodic reminders for timely debt servicing
Fund movement monitoring
Periodic reminders for timely submission of Compliance Reports
60 degree outlook on operational & legal aspects of a given transactions
Expeditious Opening & Management of Bank Accounts
Transaction Centric Services

Enforcement Services

Assisting in evolving a strategy for legal enforcement, Handling the litigation process in consultation with lenders and legal counsel
Taking action under Negotiable Instrument Act, IBC, SARFAESI and other applicable Laws
Liasoning with the Committee of Creditors, IRP/RP etc under the insolvency matters
Preparing and maintaining proper records of all the documents / correspondences with respect to the default/enforcement management
Coordinating with the advocates for taking possession, appointment of receiver etc.
Evolving and handling the process of auction and realisation of assets
Distribution of proceeds of sale to the lenders / investors
Release of assets post assurance due diligence & compliance of extant terms.

Trustee to Charitable Trust

Review and provide inputs on the draft trust deed to ensure that the same is in accordance with the applicable laws
Assist in execution and registration of the trust deed with the relevant statutory authorities (Charity Commissioner/Registrar of Assurances)
Assist in obtaining the registration under Income Tax Act for the trust
Open and operate trust bank /demat accounts
Apply for PAN /TAN of the trust
Undertake operations and activities of the trust in terms of the trust deed and take all necessary administrative actions for the fulfilment of the trust objective
Maintain proper books of accounts of the trust, get the accounts audited, file income tax returns etc.
Filing of annual returns with the applicable authorities including the Charity Commissioner

Collection and Processing Agent

Opening Collection and Payment Account with designated bank
Ensuring the payments are made to the lender as per the timeline stipulated in the documents
Sending mail and following up with borrower for making the payment
Preparing summary and sharing the data with Lender on the date of payment
Invoking the Guarantee provided by the Guarantor in accordance with the agreement and making the payment to the lender
Coordinating with the Rating agency and sharing necessary information with them; of report and solving query of Assignee

ESOP Trust Management

Vetting of trust deed and any other related documents
Opening and operating trust bank and demat accounts
Hold trust property, make investments, divestments
Administer the schemes and the trust independently in consultation with the Executive Committee/Remuneration Committee
Prepare and maintain master data of grant options
Complete service in option exercise by the employees (including cash less exercise)
Prepare and maintain books of accounts, audit and filing income tax returns
Furnish reports/accounts to the company
Transfer of shares to the employees