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TMI BlogDeposit Trust DeedX X X X Extracts X X X X X X X X Extracts X X X X ..... interest or coupon rate, periodicity of payment, mode of payment and period of redemption; 3.An undertaking by the company to pay the interest and principal amount of such deposits to the Deposit holders as and when it becomes due, as per the terms of the scheme ; 4. Covenants stating the terms of redemption of the deposits in terms of the scheme to the deposit holders, options available, and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the insurance cover; 2. Other terms and conditions governing deposit insurance contract. PARTICULARS OF THE APPOINTMENT OF DEPOSIT TRUSTEE(S):- 1.The conditions for the appointment, resignation and removal of such trustee, which shall ensure that- (a) the appointment of the trustee must be confirmed by the resolution passed by the Board of Directors. (b) any removal of a trustee and s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.the company will not utilize any portion of the deposit for purposes other than those for which the same are accepted; 4.the company will inform the trustee of any material changes in the existing management set up; 5.the company will not declare any dividend to the shareholders in any year until the company has paid or made satisfactory arrangements for the payment of the principal amou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any; d.If any breach of the terms of the circular or advertisement inviting deposits or of the covenants of this deed is committed; e.If the company creates or attempts to create any further charge on the mortgaged premises or any part thereof without the prior approval of the trustees or deposit holders; f.If the company fails to comply with provisions of the Act; g.If the Trustees ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alance proceeds of any sale of the mortgaged premises shall, after setting off of all costs, charges and expenses incurred for the sale and payment of interest and the principal money due to deposit holders, be paid to the company or its assignee MISCELLANEOUS 1. The conditions under which the provisions of the trust deed or the terms and conditions of the deposits may be modified; 2. The mod ..... X X X X Extracts X X X X X X X X Extracts X X X X
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