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Question
State whether the following statement is or false.
Company has to create a charge on its assets when it issues secured debentures.
Options
True
False
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Solution
True
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RELATED QUESTIONS
A company cannot issue ______ with voting rights.
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Time period within which the procedure for allotment of debenture is to be completed from the date of receipt of applications.
Write a word or a term or a phrase which can substitute the following statement.
Authority which has power to issue debentures.
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Debentures holders are paid interest.
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After allotment of Debentures, names of Debenture holders are entered in the Register of Members.
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Secured debentures should be redeemed within ____________.
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To stop a company from incurring further liabilities, the Debenture trustee can approach ____________.
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On receipt of application and money, the procedure for allotment of debentures should be completed within __________.
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Return on investment on debenture is called ________.
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For public issue of debentures of ₹100 crores, minimum subscription should be ______.
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.
Arrange in proper order.
a. Obtain Credit Rating.
b. Entry in register of debenture
c. Receive application with money
Arrange in proper order.
- Issue debenture certificate
- Issue prospectus
- Open bank Account
Study the following case/situation and express your opinion.
DDS financial plans to raise 10 crores by issuing secured non-convertible debentures. However, as per the Articles of Association, the board of directors have authority only to raise up to 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following:
Is the proposed issue within the borrowing powers of the board?
Elaborate on the process for the issue of debentures.
