Balbharati solutions for Secretarial Practice [English] 12 Standard HSC Maharashtra State Board chapter 4 - Issue of Debentures [Latest edition]

A company cannot issue _____________ with voting rights

A company can issue ______ convertible debentures.

Select the correct answer from the option given below and rewrite the statement:
Money from ___________  Account is used for redemption of debentures

Select the correct answer from the option given below and rewrite the statement:
_______  protects the interest of debenture holders

Secured debentures must be redeemed within ______ from the date of their issue.

Select the correct answer from the option given below and rewrite the statement:
A company issuing ______________ debenture must create a charge on the assets of the company

Debenture certificate must be issued within ___________ of allotment of debentures.

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:
A company which issues prospectus or invites more than 500 persons to buy its debenture has to appoint ____________.

The contract between company and Debenture trustees of companies is called as _____________.

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.

Match the pairs.

Write a word or a term or a phrase which can substitute the following statement. 

Type of resolution needed to issue convertible debentures.

Write a word or a term or a phrase which can substitute the following

statement.
Account to be created for redemption of debentures.

Write a word or a term or a phrase which can substitute the following

statement.
Institution appointed by company to protect the interest of debenture holders.

Write a word or a term or a phrase which can substitute the following

statement.
Period within which secured debentures should be redeemed.

Write a word or a term or a phrase which can substitute the following

statement.
Type of debentures on which company has to create a charge on its assets.

Write a word or a term or a phrase which can substitute the following

statement.
The document which contains terms and conditions agreed upon by the company and the Debenture trustees.

Write a word or a term or a phrase which can substitute the following

statement.
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.
Period within which debenture certificate must be issued by a company.

Write a word or a term or a phrase which can substitute the following

statement.
Institution which redresses grievances of debenture holders.

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.
Debenture holders have no voting rights.

State whether the following statement is or false.
Company cannot issue non-convertible debentures.

State whether the following statement is or false.
Special Resolution is needed to issue convertible debentures.

State whether the following statement is or false.
Debentures holders are paid interest.

State whether the following statement is or false.
Debenture Trustees can not approach NCLT to redress grievances of debenture holders.

State whether the following statement is or false.
All secured debentures should be redeemed within 20 years from date of its issue.

State whether the following statement is or false.
Company has to create a charge on its assets when it issues secured debentures.

State whether the following statement is or false.
Debenture trustees are appointed to protect the interest of shareholders.

State whether the following statement is True or False.
Debenture certificate is issued within 6 six months of allotment of debentures.

State whether the following statement is true or false.

After allotment of Debentures, names of Debenture holders are entered in the Register of Members.

Find the odd one.

Find the odd one.

Find the odd one.

Find the odd one.

Complete the sentence.
A legal instrument conveying the assets of a company to the Debenture trustees is called  _______________.

Complete the sentence.
To protect the interest of Debenture holders, a company appoints ______.

Complete the sentence.
On receipt of application and money, the procedure for allotment of debentures should be completed within __________.

Complete the sentence.
Authority to create charge on company’s assets is with the ______.

Complete the sentence.
Secured debentures should be redeemed within  ____________.

Complete the sentence.
To stop a company from incurring further liabilities, the Debenture trustee can approach ____________.

Complete the sentence.
A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint _______________.

Complete the sentence.
Return on investment on debenture is called ________.

Complete the sentence.
For public issue of debentures of ₹100 crores, minimum subscription should be ______.

Select the correct option from the bracket

(Issued within 6 months of allotment, Names of debenture holders, Secured debentures, Trust deed, Debenture holders.)

Answer in one sentence:
Who are debenture holders?

Answer in one sentence:
What do debenture holders receive as return on investment?

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:
Name the document which is an agreement between the debenture trustee and company?

Answer in one sentence:
Who has the authority to create charge on assets of a company?

Answer in one sentence:
Name the meeting in which approval for increasing the borrowing powers of board of directors is passed?

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:
The details of debenture holders are entered in Register of Members.

Correct the underlined word and rewrite the following sentence:

Secured debentures must be redeemed within 15 years from the date of its issue.

Correct the underlined word and rewrite the following sentence:
A company issuing irredeemable debentures must create a charge on the assets of the company.

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:
Debenture trustees redress the grievances of Shareholders.

Correct the underlined word and rewrite the following sentence:
Debenture certificates are issued within 3 months of allotment of debentures.

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.

Correct the underlined word and rewrite the following sentence:

To rate its debentures a company appoints underwriters.

Arrange in proper order.
a. Obtain Credit Rating.
b. Entry in register of debenture
c. Receive application with money

Arrange in proper order.

1. Issue debenture certificate
2. Issue prospectus
3. Open bank Account

Arrange in proper order.
a. Hold Board Meeting for allotment
b. Issue debenture certificate
c. Receive application with money

Explain the following term/concept.

Debenture Certificate

Explain the following term/concept.
Debentures Trustee.

Explain the following term/concept.
Charge on assets.

Explain the following term/concept.
Debenture Trust Deed.

Study the following case/situation and express your opinion.

1. Should the company appoint a debentures trustee?
2. Should the company create a charge on its assets?
3. Can the tenure of debentures be less than ten years?

Study the following case/situation and express your opinion.

1. What can be the maximum tenure of the debentures to be issued?
2. Is the proposed issue within the borrowing powers of the Board?
3. Within what period should the company issue a Debenture certificate?

State any four provisions of Companies Act 2013 for issue of debentures.

Answer in brief.
What is debenture trust deed?

Who are debentures trustee?

Justify the following statement:

A company has to create charge on its assets for issuing secured debentures.

Justify the following statement:

Debenture trustees is appointed by a company issuing debentures.

Justify the following statement:

A company can issue only certain types of debentures.

Briefly explain the provisions of Companies Act, 2013 for issue of debentures.

Explain briefly the procedure for issue of debentures.

Study the following case/situation and express your opinion.

1. Can the company issue unsecured debentures?
2. Can they issue irredeemable debentures?
3. As the company is offering debentures to its members, can such debentures have normal voting rights?