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Question
Arrange in proper order.
- Issue debenture certificate
- Issue prospectus
- Open bank Account
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Solution
b. Issue prospectus
c. Open Bank Account
a. Issue debenture certificate
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Arrange in proper order.
a. Obtain Credit Rating.
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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: |
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- Within what period should the company issue a Debenture certificate?
Elaborate on the process for the issue of debentures.
