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प्रश्न
Briefly discuss any two features of the following sources of finance available to an organisation in India.
Debentures
लघु उत्तर
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उत्तर
The features of the debentures are as follows:
- Loan instrument/document issued under company’s seal/acknowledgement of debt.
- It is a long-term credit facility.
- There is a fixed rate of interest.
- There are no ownership rights.
- They may be secured or unsecured.
- There is a charge on assets, so they cannot be used as collateral.
- They may be redeemable or irredeemable.
- They are tradable.
- Priority in repayment.
- They do not carry voting rights.
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