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प्रश्न
Study the following case/situation and express your opinion.
| Violet Ltd. company plans to raise 10 crores by issuing debentures. The Board of Directors has some queries. Please advise them on the following: |
- Can the company issue unsecured debentures?
- Can they issue irredeemable debentures?
- As the company is offering debentures to its members, can such debentures have normal voting rights?
उत्तर
- Yes. The company can issue secured and unsecured debentures. But they have to get the approval of shareholders in a general meeting by passing a special resolution.
- No, All the debentures are redeemable i.e, have to be repaid. Thus, the company cannot issue irredeemable debentures.
- As per the Companies Act, 2013, the company cannot issue debentures with voting rights. Debenture holders are the creditors of the company. So, they don't have normal voting rights. They can vote only on matters related to them.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the option given below and rewrite the statement:
The details of allotment of Debentures must be entered in ___________.
Select the correct answer from the option given below and rewrite the statement:
Procedure for allotment of Debenture should be completed within ___________ 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.
State whether the following statement is or false.
Company has to create a charge on its assets when it issues secured debentures.
Find the odd one.
Complete the sentence.
On receipt of application and money, the procedure for allotment of debentures should be completed within __________.
Complete the sentence.
For public issue of debentures of ₹100 crores, minimum subscription should be ______.
Answer in one sentence:
Whom does the company appoint to protect the interest of debenture holders?
Answer in one sentence:
Within what period should secured debentures be redeemed?
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.
Correct the underlined word and rewrite the following sentence:
Procedure for allotment of debentures should be completed within 90 days from date of receipt of application.
Arrange in proper order.
a. Hold Board Meeting for allotment
b. Issue debenture certificate
c. Receive application with money
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:
Can the tenure of debentures be less than ten years?
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 has the authority only to raise up to 5 crores. They are also considering whether to go for a private placement or make a public offer. Please advise them on the following: |
- What can be the maximum tenure of the debentures to be issued?
- Is the proposed issue within the borrowing powers of the Board?
- Within what period should the company issue a Debenture certificate?
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?
Explain briefly the procedure for issue of debentures.
