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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 ____________.
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.
The document which contains terms and conditions agreed upon by the company and the Debenture trustees.
Write a word or a term or a phrase which can substitute the following
statement.
Institution which redresses grievances of debenture holders.
Find the odd one.
Find the odd one.
Complete the sentence.
To protect the interest of Debenture holders, a company appoints ______.
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:
The details of debentureholders are entered in the Register of Members.
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
Answer in brief.
What is debenture trust deed?
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:
The company enters into a contract with one or more debenture trustees.
