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Question
Correct the underlined word and rewrite the following sentence.
Debenture holder is owner of the company
Solution
Debenture Holder is creditor of the company.
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| 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 they issue convertible debentures?
- As the company is offering debentures to its members, can such debentures have normal voting rights?
- Capital raised by issuing debentures will be Owned Capital or Borrowed Capital?
