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प्रश्न
Explain the following term/concept.
Debenture Trustee.
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उत्तर
- Debentures Trustee is a person or institution which protects the interest of the debenture holders. The Trustees become the custodians of the assets on which a charge has been created.
- According to SEBI Rules, 1993 “debenture trustee” means a trustee of a trust deed for securing any issue of debentures of a body corporate (section 2 (bb)). (Applicable to public companies only).
APPEARS IN
संबंधित प्रश्न
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.
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.
Authority to create charge on company’s assets is with the ______.
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:
Debenture certificates are issued within 3 months of allotment of debentures.
Explain the following term/concept.
Debenture Certificate
Explain the following term/concept.
Debenture Trust Deed.
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?
Answer in brief.
What is debenture trust deed?
Who are debentures trustee?
Justify the following statement:
A company has to create charge on its assets for issuing secured debentures.
Give one word or phrase for the following sentence:
What are debenture trustees?
