Advertisements
Advertisements
प्रश्न
Answer in brief.
What is debenture trust deed?
Advertisements
उत्तर
(a) Trust Deed needs to be made between the company and trustees. (b) The agreement created by the company, whereby trustees are appointed to protect the interest of debenture-holders before they are offered for public subscription is known as Debenture Trust Deed.
(c) Company enters into a contract with one or more Debenture Trustees. The terms and conditions of the agreement is written in the Debenture Trust Deed.
(d) It is a legal instrument conveying the assets of a company to the Trustees. The Deed also defines the rights of debenture holders and the duties and powers of Debenture Trustees.
(e) Company has to execute the Deed within 3 months of closure of the issue. Members as well as debenture holders can inspect the deed and also get a copy of it by paying a certain fee.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the option given below and rewrite the statement:
A company which issues prospectus or invites more than 500 persons to buy its debenture has to appoint ____________.
The contract between company and Debenture trustees of companies is called as _____________.
Write a word or a term or a phrase which can substitute the following
statement.
Institution appointed by company to protect the interest of debenture holders.
Write a word or a term or a phrase which can substitute the following
statement.
The document which contains terms and conditions agreed upon by the company and the Debenture trustees.
Write a word or a term or a phrase which can substitute the following
statement.
Institution which redresses grievances of debenture holders.
Find the odd one.
Find the odd one.
Complete the sentence.
A legal instrument conveying the assets of a company to the Debenture trustees is called _______________.
Complete the sentence.
A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint _______________.
Answer in one sentence:
Who has the authority to create charge on assets of a company?
Correct the underlined word and rewrite the following sentence:
The details of debentureholders are entered in the Register of Members.
Correct the underlined word and rewrite the following sentence:
A company issuing irredeemable debentures must create a charge on the assets of the company.
Study the following case/situation and express your opinion.
Rose limited company proposes to issue debenture to the public to raise funds. After discussions, the board of directors have decided to issue secured, redeemable, non-convertible debentures with a tenure of ten years. Please advise the board on the following matters:
Should the company create a charge on its assets?
Justify the following statement:
A company has to create charge on its assets for issuing secured debentures.
Justify the following statement:
Debenture trustees are appointed by a company issuing debentures.
Give one word or phrase for the following sentence:
The company enters into a contract with one or more debenture trustees.
Give one word or phrase for the following sentence:
What are debenture trustees?
