Complete the sentence.A legal instrument conveying the assets of a company to the Debenture trustees is called _______________. - Secretarial Practice

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Complete the sentence.
A legal instrument conveying the assets of a company to the Debenture trustees is called  _______________.

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Solution

A legal instrument conveying the assets of a company to the Debenture trustees is called Debenture Trust Deed 

Concept: Debentures Trustees
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Chapter 4: Issue of Debentures - Exercises [Page 77]

RELATED QUESTIONS

Match the pairs.

Group 'A

Group 'B'

a) Debenture Trustees

1) Power to issue debentures

b) Debenture holders

2) Protects interest of shareholders

c) Charge on assets

3) Secured debentures

d) Board of Directors

4) NCLT

e) Debenture certificate

5) No voting rights

 

6) Unsecured debentures

 

7) Protects interest of debenture holders

 

8) Voting rights

 

9) Proof of ownership of shares

 

10) Issued within 6 months of allotment of debentures


Write a word or a term or a phrase which can substitute the following

statement.
The document which contains terms and conditions agreed upon by the company and the Debenture trustees.


Write a word or a term or a phrase which can substitute the following

statement.
Institution which redresses grievances of debenture holders.


Find the odd one.


Complete the sentence.
Authority to create charge on company’s assets is with the ___________.


Complete the sentence.
A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint _______________.


Answer in one sentence:
Name the document which is an agreement between the debenture trustee and company?


Answer in one sentence:
Who has the authority to create charge on assets of a company?


Correct the underlined word and rewrite the following sentence:
The details of debenture holders are entered in Register of Members.


Correct the underlined word and rewrite the following sentence:

Secured debentures must be redeemed within 15 years from the date of its issue.


Correct the underlined word and rewrite the following sentence:
Debenture certificates are issued within 3 months of allotment of debentures.


Explain the following term/concept.
Charge on assets.


Explain the following term/concept.
Debenture Trust Deed.


Study the following case/situation and express your opinion.

Rose limited company proposes to issue debentures to the public to raise funds. After discussions, the board of directors has decided to issue secured, redeemable, non-convertible debentures with a tenure of ten years. Please advise the board on the following matters:
  1. Should the company appoint a debentures trustee?
  2. Should the company create a charge on its assets?
  3. Can the tenure of debentures be less than ten years?

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:

Should the company create a charge on its assets?


Justify the following statement:

A company has to create charge on its assets for issuing secured debentures.


Give one word or phrase for the following sentence:

The company enters into a contract with one or more debenture trustees.


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