Maharashtra State BoardHSC Commerce 12th Board Exam
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Study the following case/situation and express your opinion.Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the - Secretarial Practice

Short Note

Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Does the company have to appoint a Debenture Trustee?

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Solution

Yes. The company has to appoint a Debenture Trustee. This is because, if the company wants to issue secured deposits, then it is compulsory to appoint a Debenture Trustee.

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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 5 Deposits
Exercise Q.3 | Q 3.2 | Page 92
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