Question

Attempt the following.

Draft a letter of allotment to debenture holder.

Answer 1

1. When a company allots debentures to the applicant, the letter of allotment is sent to the debenture holders.
2. The debenture holders get the debenture certificate in exchange for this letter.
3. This letter contains the details of issue of debentures i.e. Number of debentures applied, Number of debentures allotted, Distinctive numbers of debentures, Amount received, Types of debentures, Rate of Interest, Maturity date, etc.

HULK MOTORS LTD.

Registered office: Plot No. 05, Commercial Towers, P.K. Road,
Mumbai - 400067

CIN: R20020 MH 1000 PLC123456

Website: wwww.hulkmotors.in
Email: [email protected]
Date: 17th Oct, 2020

Phone: 022 12345678
Fax: 022 - 11112222
Ref. No.: C/2060/20-18
Mr. John Methiw
508, Lokesh Apartments,
AK.D. Road,
Mumbai – 4000089

Sub: Allotment of Debentures

Dear Sir,

        In response to your application No. V65432 dated 27th Sep 2020, I am directed by the Board of Directors to inform you that, you have been allotted 100, 10% Non-convertible secured debentures of ₹100/- each. The tenure of debentures is for 5 years.

       These debentures are allotted to you as per Board Resolution passed at Board Meeting held on 15th Oct 2020 and as per terms and conditions of Articles of Association of the company and Debenture Trust Deed.

The details of allotment of debentures are as follows:

1	2	3	4		5
Folio No.	No. of Debentures Applied	No. of Debentures Allotted	Distinctive Numbers		Amount Received (₹)
			From	To
D-123	100	100	901	1000	₹ 10,000

The Debenture Certificate is enclosed herewith.

Thanking You,

Yours Faithfully,
For Hulk Motors Ltd.

Sign
Mr. Kamlesh Gaikwad
Company Secretary

Encl: Debenture Certificate