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Question
A company can issue ______ convertible debentures.
Options
Only partly
Only fully
Partly or fully
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Solution
A company can issue partly or fully convertible debentures.
Explanation:
A company can issue secured or unsecured debentures, fully or partly convertible or non-convertible debentures. A Special Resolution must be passed in the General Meeting to issue convertible debentures. All debentures are redeemable in nature.
RELATED QUESTIONS
Select the correct answer from the option given below and rewrite the statement:
Money from ___________ Account is used for redemption of debentures
Select the correct answer from the option given below and rewrite the statement:
_______ protects the interest of debenture holders
Debenture certificate must be issued within ___________ of allotment of debentures.
Write a word or a term or a phrase which can substitute the following statement.
Type of resolution needed to issue convertible debentures.
Write a word or a term or a phrase which can substitute the following
statement.
Account to be created for redemption of debentures.
State whether the following statement is or false.
Company cannot issue non-convertible debentures.
Correct the underlined word and rewrite the following sentence:
Debenture trustees redress the grievances of Shareholders.
State any four provisions of Companies Act 2013 for issue of debentures.
Briefly explain the provisions of Companies Act, 2013 for issue of debentures.
Explain the following term/concept.
Debenture certificate
Depositors are given voting rights.
Give one word or phrase for the following sentence:
Institutions that protect the interest of the debenture holders.
Study the following case/situation and express your opinion.
Aspire is a listed public company of which the board of director recommended ₹10/- per share as a dividend to equity shareholders:
- Aspire Ltd. takes approval from Shareholders?
- Aspire Ltd. paid dividend partly in cash and partly in kind. Is it permissible according to the law?
