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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
A company cannot issue ______ with voting rights.
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.
Authority which has power to issue debentures.
State whether the following statement is or false.
Debentures holders are paid interest.
State whether the following statement is True or False.
Debenture certificate is issued within 6 six months of allotment of debentures.
Find the odd one.
Complete the sentence.
Secured debentures should be redeemed within ____________.
Complete the sentence.
To stop a company from incurring further liabilities, the Debenture trustee can approach ____________.
Complete the sentence.
On receipt of application and money, the procedure for allotment of debentures should be completed within __________.
Complete the sentence.
Return on investment on debenture is called ________.
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:
Procedure for allotment of debentures should be completed within 90 days from date of receipt of application.
Study the following case/situation and express your opinion.
| DDS Financial plans to raise ₹10 crores by issuing Secured, Non-convertible debentures. However, as per the Articles of Association, the Board of Directors has the authority only to raise up to 5 crores. They are also considering whether to go for a private placement or make a public offer. Please advise them on the following: |
- What can be the maximum tenure of the debentures to be issued?
- Is the proposed issue within the borrowing powers of the Board?
- Within what period should the company issue a Debenture certificate?
Study the following case/situation and express your opinion.
DDS financial plans to raise 10 crores by issuing secured non-convertible debentures. However, as per the Articles of Association, the board of directors have authority only to raise up to 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following:
Is the proposed issue within the borrowing powers of the board?
Explain briefly the procedure for issue of debentures.
