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प्रश्न
Answer the question.
Explain any five types of debentures through which a company can collect borrowed capital from the public.
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उत्तर
Five types of debentures are:
(i) Mortgage and Unsecured Debentures: Mortgage debentures are those debentures which are secured by either a fixed charge or a floating charge on the assets of the company. In case, the company makes a default in payment, the debenture holders can recover their dues from the mortgaged property. Whereas unsecured debentures are those debentures that are not secured by a charge.
(ii) Redeemable and Irredeemable Debentures: Redeemable debentures are repayable on a predetermined date or at any time prior to their maturity at the option of the company. Irredeemable debentures are those debentures that are not repayable during the lifetime of the company and hence will be repaid only when the company is wound up.
(iii) Bearer Debentures: Bearer debentures can be transferred by mere delivery as no record of such debentures is kept in the Register of Debenture holders. Payment of interest is made on the production of coupons attached to the debenture. No legal formalities are required for their transfer and no formal notice or intimation to the company is necessary.
(iv) Registered Debentures: These arcs the debentures, in respect of which the names, addresses, and particulars of holdings of the debenture holders are entered in a register kept by the company. Such debentures can be transferred only by transfer deed or intimation to the company and not mere delivery.
(v) Convertible and Non-Convertible Debentures: In the case of convertible debentures, the debenture holders arc gave the option to convert their debentures into equity shares after a specified period. Debenture holder has the option of exchanging the whole or a part of the number of their debentures for shares. In the case of non-convertible debentures, these are those debentures that do not earn the right to be converted into equity shares.
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संबंधित प्रश्न
On 1.4.2015 PPR Ltd. issued 1500, 10% debentures of Rs 100 each at a discount of 3%, redeemable at a premium of 8% after three years. The company closes its books on 31st March every year. Interest on 10% debentures is payable on 30th September and 31st March. Rate of tax deducted at source is 10%.
Pass necessary journal entries for the issue of 10% debentures and interest for the year ended 31.3.2016
Give any one advantage for the redemption of debentures by purchase in the open market?
Answer in a sentence only.
What is meant by redemption of Debentures?
Write one word/term/phrase which can substitute the following
The debentures of which payment is made on the expiry of specific period.
Write one word/term/phrase which can substitute the following
The debentures of which the payment is not made until the winding up of company.
Write one word/term/phrase which can substitute the following
The debentures which are registered in the register of company.
Select most appropriate alternative from those given below :
__________ debentures which are not secured against any charge on asset of the company.
State to whether the following statement is True/False.
The amount of irredeemable debentures is not paid in the life time of the company.
State to whether the following statement is True/False.
Unsecured debentures are safer than secured debentures.
Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd. from whom Assets of ₹ 23,50,000 and Liabilities of ₹ 6,00,000 were taken over. Pass entries in the books of Anthony Ltd. if these debentures were to be redeemed at 5% premium.
