Service charges to be collected by debenture trustee
(1) The debenture trustee may collect the service charge from a company for having acted in the capacity of debenture trustee. The amount of such service charge shall be as specified in the agreement concluded between the debenture trustee and the concerned company.
(2) The debenture trustee may recover from the concerned company such actual expenses incurred in doing any act on behalf of the company or debenture holder or in carrying out valuation, possession or auction sale of the company’s assets.
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