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Question
Justify the following statement.
There are certain circumstances when a secretary has to correspond with debenture holders.
Solution
- Debenture capital is the borrowed capital of a company.
- The debenture holders are the creditors of the company.
- The secretary has to communicate the decisions of the management and other information to the debenture holders by conducting correspondence.
- The Secretary has to correspond with debenture holders under special circumstances, such as
a. Allotment of debentures
b. Payment of interest through interest warrant or electronically
c. Conversion of debentures into equity shares
d. Redemption of debentures etc. - Thus, there are certain circumstances when a secretary has to correspond with debenture holders.
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