Trustee to the funds.
LICHFL Trustee Company Private Limited is a company incorporated under the Companies Act, 1956. It is a 100% subsidiary of LICHFL. LICHFL Trustee Company Private Limited has been appointed as the sole trustee of the Trusts.
The Trustee Company will act as the trustee of the settled Trusts, and hold the trust property consisting of Initial Settlement of the Trusts, and additions and accretions thereto from time to time, in accordance with the provisions and on the terms and conditions of the Indenture of Trust.
The Trustee has been incorporated with the following objects:
a) To carry on the activities of a trustee to venture capital trusts and funds, whether onshore or offshore, including the exercise of exclusive ownership rights with respect of the trust funds and the general superintendence, direction and management of the affairs of the trusts and for that purpose set up, promote, settle, approve and execute trusts for venture capital activities and devise various schemes for raising funds in any manner from persons, bodies corporate, trusts, societies, associations of persons in India and / or abroad, whether incorporated or not and to deploy in such manner as may be desirable for this purpose.
b) To ensure that all the activities of the various funds are carried on in compliance with any applicable regulations.
Brief Profile of Directors of LICHFL Trustee Company Private Limited:
Director of LIC Housing Finance Ltd. Former Deputy Governor of Reserve Bank of India.
Former Chairman of the Deposit Insurance and Credit Guarantee Corporation of India, Unit Trust of India, Bharatiya Reserve Bank Note Mudran Ltd., Agricultural Finance Corporation, HDFC Bank Ltd. and BSE. Director on the Boards of Quantum Trustee Company Private Ltd. as well as of LIC Pension Fund Ltd.
Director at Mahindra and Mahindra Financial Services and JP Morgan Securities India Private Ltd.
He was the former Head of Corporate Finance Group at DSP Financial Consultants. He also worked at Bank of America, in the capacities of Head of Capital Markets India and Vice President of Private Banking in London. He has also been a former member of the Apex Executive Committee at DSP Merrill Lynch.
General Manager (Taxation) & Company Secretary of LIC Housing Finance Ltd.
He is a Director on the Board of the Goods and Services Tax Network. He is also the General Manager (Taxation) & Company Secretary of LIC Housing Finance Ltd., one of the leading housing finance companies in India.
General Manager (IT & Accounts) of LIC Housing Finance Ltd.
She has held various key positions at LIC of India and LIC Housing Finance Ltd.