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Question
Select the correct answer from the option given below and rewrite the statement:
A company which issues prospectus or invites more than 500 persons to buy its debenture has to appoint ____________.
Options
Register of companies
Debenture holders
Debenture trustees
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Solution
The details of allotment of Debentures must be entered in Debenture trustees.
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RELATED QUESTIONS
Find the odd one.
Complete the sentence.
A legal instrument conveying the assets of a company to the Debenture trustees is called _______________.
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To protect the interest of Debenture holders, a company appoints ______.
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A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint _______________.
Answer in one sentence:
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A company issuing irredeemable debentures must create a charge on the assets of the company.
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Debenture certificates are issued within 3 months of allotment of debentures.
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Debenture Certificate
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Debenture Trust Deed.
Answer in brief.
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A company has to create charge on its assets for issuing secured debentures.
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Debenture trustees are appointed by a company issuing debentures.
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What are debenture trustees?
