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प्रश्न
Explain the following term/concept.
Debenture Trust Deed.
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उत्तर
- A corporation must designate one or more Debenture Trustees if it plans to publish a prospectus or invite more than 500 people to buy its debentures. The interests of debentureholders are safeguarded by debenture trustees. They must be appointed by the business by signing a contract with them. This type of agreement is known as a Debenture Trust Deed. Terms and conditions agreed upon in writing between the firm and trustees are included in this trust deed. The function of debenture trustees is stated.
- Debenture Trust Deed also defines the rights of debentureholders and duties and powers of debenture trustees. The members of the company, as well as debentureholders can inspect the trust deed and get a copy of the trust deed by paying specific fees.
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 ____________.
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.
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:
A company issuing irredeemable debentures must create a charge on the assets of the company.
Correct the underlined word and rewrite the following sentence:
Debenture certificates are issued within 3 months of allotment of debentures.
Explain the following term/concept.
Debenture Certificate
Explain the following term/concept.
Charge on assets.
Study the following case/situation and express your opinion.
| Rose limited company proposes to issue debentures to the public to raise funds. After discussions, the board of directors has 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 appoint a debentures trustee?
- Should the company create a charge on its assets?
- Can the tenure of debentures be less than ten years?
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?
Who are debentures trustee?
Give one word or phrase for the following sentence:
What are debenture trustees?
