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Find the odd one. Debenture Trustees, Court, NCLT. - Secretarial Practice

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Question

Find the odd one.

Options

  • Debenture Trustees

  • Court

  • NCLT

MCQ

Solution

Court

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Debentures Trustees
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Chapter 4: Issue of Debentures - Exercises [Page 77]

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Balbharati Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
Chapter 4 Issue of Debentures
Exercises | Q 1. E) 2. | Page 77

RELATED QUESTIONS

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 ____________.


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.


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


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:
Debenture certificates are issued within 3 months of allotment of debentures.


Explain the following term/concept.

Debenture Certificate


Explain the following term/concept.
Debentures Trustee.


Explain the following term/concept.
Debenture Trust Deed.


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 create a charge on its assets?


Who are debentures trustee?


Justify the following statement:

Debenture trustees is appointed by a company issuing debentures.


Give one word or phrase for the following sentence:

The company enters into a contract with one or more debenture trustees.


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