(1) In case issuance of debenture is required, Committee may, subject to Sub Section (2) and (3), issue debenture upon publishing Prospectus pursuant to Section 6. (2) Prior approval from the Government of Nepal or from the Authority as prescribed by Government of Nepal shall have to be obtained by the Trust in case the debenture is to be issued by keeping movable or immovable asset of Trust as security.
(3) In case the debenture has been issued without keeping the asset of Trust as security, it shall be notified to the Government of Nepal within a period of Seven days of such issuance.
(4) Notwithstanding anything contained in the prevailing law, the Trust may take loan from other creditor also to the extent of the value of the security already provided to previous creditor by disclosing the previous creditor and the amount of loan.
(5) Trust shall keep separate book maintaining the name and address of each creditors owning the debentures issued by it, amount of debenture and other required details.