Section 38 : Company to submit periodic statements to debenture trustee

1) After an agreement has been concluded between a company and a debenture trustee under Section 36, the company has to submit its statements in financial transactions to the debenture trustee in every six months.

2) In the event of a change in the management or any kind of change in the ownership of the company after raising of debentures, the company has to give information thereof to the debenture trustee within seven days after such change.

3) In the event of necessity of any additional statement, notice or information submitted by the company pursuant to Sub-section(1) or (2), the debenture trustee may demand such statement, notice or information from the company; and it shall be the duty of the company to provide the statement, notice or information so demanded to the debenture trustee.