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प्रश्न
Study the following case/situation and express your opinion.
| Violet Ltd. company plans to raise 10 crores by issuing debentures. The Board of Directors has some queries. Please advise them on the following: |
- Can the company issue unsecured debentures?
- Can they issue irredeemable debentures?
- As the company is offering debentures to its members, can such debentures have normal voting rights?
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उत्तर
- Yes. The company can issue secured and unsecured debentures. But they have to get the approval of shareholders in a general meeting by passing a special resolution.
- No, All the debentures are redeemable i.e, have to be repaid. Thus, the company cannot issue irredeemable debentures.
- As per the Companies Act, 2013, the company cannot issue debentures with voting rights. Debenture holders are the creditors of the company. So, they don't have normal voting rights. They can vote only on matters related to them.
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संबंधित प्रश्न
Select the correct answer from the option given below and rewrite the statement:
Procedure for allotment of Debenture should be completed within ___________ from the date of receipt of applications.
Write a word or a term or a phrase which can substitute the following
statement.
Time period within which the procedure for allotment of debenture is to be completed from the date of receipt of applications.
Write a word or a term or a phrase which can substitute the following statement.
Period within which debenture certificate must be issued by a company.
State whether the following statement is or false.
Company has to create a charge on its assets when it issues secured debentures.
State whether the following statement is True or False.
Debenture certificate is issued within 6 six months of allotment of debentures.
State whether the following statement is true or false.
After allotment of Debentures, names of Debenture holders are entered in the Register of Members.
Find the odd one.
Complete the sentence.
Secured debentures should be redeemed within ____________.
Complete the sentence.
On receipt of application and money, the procedure for allotment of debentures should be completed within __________.
Answer in one sentence:
Within what period should secured debentures be redeemed?
Answer in one sentence:
Within what period should be debenture certificate be issued?
Answer in one sentence:
When should a company appoint a credit rating agency?
Correct the underlined word and rewrite the following sentence:
Return on investment on debenture is dividend.
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:
Can the tenure of debentures be less than ten years?
Explain briefly the procedure for issue of debentures.
Elaborate on the process for the issue of debentures.
