Maharashtra State BoardHSC Commerce 12th Board Exam
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Study the following case/situation and express your opinion.Rose limited company proposes to issue debenture to the public to raise funds. After discussions, the board of directors have decided to - Secretarial Practice

Short Note

Study the following case/situation and express your opinion.
Rose limited company proposes to issue debenture to the public to raise funds. After discussions, the board of directors have decided to issue secured, redeemable, non-convertible debentures with a tenure of ten years. Please advise the board on the following matters:

Should the company appoint a debentures trustee?

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Solution

Yes. The company should appoint a Debentures trustee. This is because, in the above case, Rose Limited Company proposes to issue debenture to the public to raise funds. Thus, the company issuing debenture must appoint one or more debentures trustees.

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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 4 Issue of Debentures
Exercise Q.3 | Q 1.1 | Page 79
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