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Complete the sentence.On receipt of application and money, the procedure for allotment of debentures should be completed within __________. - Secretarial Practice

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Question

Complete the sentence.
On receipt of application and money, the procedure for allotment of debentures should be completed within __________.

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Solution

On receipt of application and money, the procedure for allotment of debentures should be completed within 60 days 

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Procedure for Issue of Debentures
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Chapter 4: Issue of Debentures - Exercises [Page 77]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 4 Issue of Debentures
Exercises | Q 1. F) 3. | Page 77

RELATED QUESTIONS

A company cannot issue ______ with voting rights.


Select the correct answer from the option given below and rewrite the statement:
The details of allotment of Debentures must be entered in ___________.


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.


State whether the following statement is or false.
Debentures holders are paid interest.


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.


Find the odd one.


Complete the sentence.
For public issue of debentures of ₹100 crores, minimum subscription should be ______.


Answer in one sentence:
Whom does the company appoint to protect the interest of debenture holders?


Answer in one sentence:
Within what period should be debenture certificate be issued?


Answer in one sentence:
What is the minimum subscription that a company must collect for an issue of debentures of 100 crores?


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.


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.
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?


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:
  1. Can the company issue unsecured debentures?
  2. Can they issue irredeemable debentures?
  3. As the company is offering debentures to its members, can such debentures have normal voting rights?

Elaborate on the process for the issue of debentures.


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