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Match the Columns
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 |
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Solution
Group 'A’ |
Group 'B' |
a) Debenture Trustees |
7) Protects interest of debenture holders |
b) Debenture holders |
5) No voting rights |
c) Charge on assets |
3) Secured debentures |
d) Board of Directors |
1) Power to issue debentures |
e) Debenture certificate |
10) Issued within 6 months of allotment of debentures |
Concept: Debentures Trustees
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Chapter 4: Issue of Debentures - Exercises [Page 76]