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प्रश्न
Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advise its board on the following.
Does the company have to appoint a Debenture Trustee?
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उत्तर
No, Apple Company Ltd. does not have to appoint a Debenture Trustee; instead, it must appoint a Deposit Trustee. A debenture trustee is only needed when a corporation issues debentures. Because Apple Company Ltd. is accepting secured public deposits, it must sign a trust deed and appoint one or more Deposit Trustees to protect the financial interests of its depositors.
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संबंधित प्रश्न
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Study the following case/situation and express your opinion.
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Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following.
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Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advise its Board on the following.
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