REPORT OF DEBENTURE TRUSTEES FOR THE HALF YEAR ENDED MARCH 16
NAME:
Milestone Trusteeship Services Private Limited
REGISTRATION NO:
SEBI DT Reg. No.: IND000000544 dtd. 10.10.2011
DATE OF REGISTRATION (in dd/mm/yy): 10-10-11
SECTION I: ACTIVITIES
A
Details of Debenture Issues (Public (P) / Rights (R)/ Privately Placed Listed (PPL) / Privately Placed Unlisted (PPUL)
Type
Public
Rights
Privately Placed Listed
Privately Placed Unlisted
Total
B
No. of debenture issues accepted during the half year
ended March 2016
Secured
Unsecured Total
7
8
15
2
1
3
9
9
18
Cumulative No. of
debenture issues
handled up to the half
year ended March 16
1
50
13
64
Activities other than debenture trusteeship
Trusteeship services
Description of the
activity
holding of securities by
way of mortgage,
pledge, hypothecation
etc on behalf of the
client
Trustees for venture
capital funds and
private trusts
Name of Compliance Officer
Email ID
Mr. Venkatesh Prabhu
compliance@milestonetrustee.in
Activity Type
Security Trustee
Number of
clients
12
16
Half Yrly Report DT Mar 16
Size ( in Rs. in crores ) of debenture issues Cumulative Size ( in Rs.in crores )
accepted during the half year ended March of debenture issues handled up to
16
the half year ended March 16
Secured
Unsecured
Total
700
395
2,308
2,703
26,989
4
50
54
331
399
2,358
2,757
28,020
REPORT OF DEBENTURE TRUSTEES FOR THE HALF YEAR ENDED MARCH 16
NAME:
Milestone Trusteeship Services Private Limited
REGISTRATION NO:
SEBI DT Reg. No.: IND000000544 dtd. 10.10.2011
DATE OF REGISTRATION (in dd/mm/yy): 10-10-11
Section II - REDRESSAL OF INVESTOR GRIEVANCES
A
Status of Investor Grievances
Name of the issuer (tranche wise)
Pending complaints at
the end of the previous
half year
No. of
complaints
received
during the
half year
No. of
No of complaints
complaints
pending at the end of
resolved during
half year
the half year
NA
B
Details of the complaints pending for more than 30 days
Nature of the Complaint(s)
Delay in
Delay in
Any other
payment of payment of
interest
redemption
NA
Name of the Issuer
No. of complaints
pending for more than
30 days
Name of Compliance Officer
Email ID
Mr. Venkatesh Prabhu
compliance@milestonetrustee.in
Half Yrly Report DT Mar 16
Status of the
Steps taken complaint (if
for redressal redressed, date
of redressal)
REPORT OF DEBENTURE TRUSTEES FOR THE HALF YEAR ENDED MARCH 16
NAME:
Milestone Trusteeship Services Private Limited
REGISTRATION NO:
SEBI DT Reg. No.: IND000000544 dtd. 10.10.2011
DATE OF REGISTRATION (in dd/mm/yy):
10-10-11
Section III - DEFAULT DETAILS
Information regarding default by the Issuer Companies in Public (P) / Rights (R) / Privately Placed Listed (PPL) Issues of Debentures up to
Type
(P/R/PPL)
PPL
Issue Size ( in `
Type of Default*
crores )
85
Non-payment of Interest
Name of the Issuer
Secured / Unsecured
Land Marvel Projects India Private Limited
Secured
*Type of Default
1. Non-payment of interest;
2. Non-payment of redemption;
3. Delay in payment of interest/redemption;
4. Any other (like non-creation of security)
Name of Compliance Officer
Email ID
Mr. Venkatesh Prabhu
compliance@milestonetrustee.in
Half Yrly Report DT Mar 16
Details of
action taken
Winding up
Petition Filed
with Chennai
High Court
REPORT OF DEBENTURE TRUSTEES FOR THE HALF YEAR ENDED MARCH 16
NAME:
Milestone Trusteeship Services Private Limited
REGISTRATION NO:
SEBI DT Reg. No.: IND000000544 dtd. 10.10.2011
DATE OF REGISTRATION (in dd/mm/yy): 10-10-11
SECTION - IV - COMPLIANCE
COMPLIANCE CERTIFICATE FOR THE HALF YEAR ENDED MARCH 16
A
No conflict of interests with other activities
The activities other than debenture trusteeship performed by DT are not in conflict with DT activities and appropriate systems and
B
Change in status or constitution
Reporting of 'changes in status or constitution' of DT (In terms of SEBI Circular No. CIR/MIRSD/10/2011 Nil
C
Other Information
(i) Details of arrest / conviction of key officials of DT
(ii) Details of prosecution cases or criminal complaints filed by investors against the DT
(iii) Details of any fraudulent activity by the employees associated with DT activities and action taken by
(iv) Details of conviction of any offence involving moral turpitude or any economic offence by employees
(v) Action taken by the DT on the above issues
D
Nil
Nil
Nil
Nil
Nil
Compliance with registration requirements
Certified that the requirements specified for SEBI registration as DT are fulfilled, the details are as under;
(i) Net worth (un-audited) as defined in the Regulations as on FY ended 31.03.2016 is *Rs.203 Lacs (approx)
(ii) Any change in infrastructure since the last report / registration/ renewal
(iii) Changes in Key personnel during the half year ended March 16
Appointment / Cessation
Name(s) of the key personnel
Cessation
Nil
YES
Date of
Qualification
Experience
appointment
/ cessation
22-Mar-16 C.A, C.S. C.W.A 24 Years
Functional
areas of work
Finance
Mr. Dhruv Jain
E
Details of deficiencies and non compliances
F
Details of the review of the report by the Board of Directors
Date of Board Review (dd/mm/yyyy)
06/05/2016
Observation of the BoD on
i) the deficiencies and non compliances
None
ii) corrective measures initiated
N.A
Nil
Certified that we have complied with SEBI (Debenture Trustee) Regulations, 1993, applicable provisions of SEBI (Issue and Listing of
Name of Compliance Officer
Email ID
Mr. Venkatesh Prabhu
compliance@milestonetrustee.in
Half Yrly Report DT Mar 16