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Question
Explain the following term/concept.
Debenture Certificate
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Solution
The company has to issue a debenture certificate to the debenture holders within 6 months of the allotment of debentures. A Debenture Certificate is a legal document issued by a company to its debenture holders as proof of ownership of debentures. It contains details such as the debenture holder’s name, number of debentures, face value, interest rate, and maturity date. This certificate serves as evidence of the debt owed by the company to the investor and entitles the holder to receive fixed interest payments at regular intervals.
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RELATED QUESTIONS
Select the correct answer from the option given below and rewrite the statement:
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Secured debentures must be redeemed within 15 years from the date of its issue.
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