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प्रश्न
Explain the following term/concept.
Charge on assets.
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उत्तर
(1) Company has to create a charge on the assets of the company or its subsidiary company or holding company. The value of charge should be sufficient for the repayment of the amount of debentures and interest thereon.
(2) If a Government company issues secured debentures which has Central or State Government's guarantee, then it need not create any charge on its assets.
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संबंधित प्रश्न
Match the pairs.
| Group 'A |
Group 'B' |
|
a) Debenture Trustees |
1) Power to issue debentures |
|
b) Debenture holders |
2) Protects interest of shareholders |
|
c) Charge on assets |
3) Secured debentures |
|
d) Board of Directors |
4) NCLT |
|
e) Debenture certificate |
5) No voting rights |
|
6) Unsecured debentures |
|
|
7) Protects interest of debenture holders |
|
|
8) Voting rights |
|
|
9) Proof of ownership of shares |
|
|
10) Issued within 6 months of allotment of debentures |
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.
Find the odd one.
Complete the sentence.
A legal instrument conveying the assets of a company to the Debenture trustees is called _______________.
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:
Secured debentures must be redeemed within 15 years from the date of its issue.
Explain the following term/concept.
Debenture Certificate
Explain the following term/concept.
Debenture Trustee.
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.
Justify the following statement:
Debenture trustees are appointed by a company issuing debentures.
Give one word or phrase for the following sentence:
What are debenture trustees?
