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Write a word or a term or a phrase which can substitute the following statement.Authority which has power to issue debentures. - Secretarial Practice

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Question

Write a word or a term or a phrase which can substitute the following statement.
Authority which has power to issue debentures.

One Word/Term Answer

Solution

Authority which has power to issue debentures. - Board of Directors

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Procedure for Issue of Debentures
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Chapter 4: Issue of Debentures - Exercises [Page 76]

RELATED QUESTIONS

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.


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.


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.


Find the odd one.


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.
Return on investment on debenture is called ________.


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


Answer in one sentence:
Within what period should secured debentures be redeemed?


Answer in one sentence:
What is the minimum subscription that a company must collect for an issue of debentures of 100 crores?


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


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


Study the following case/situation and express your opinion.

DDS Financial plans to raise ₹10 crores by issuing Secured, Non-convertible debentures. However, as per the Articles of Association, the Board of Directors has the authority only to raise up to 5 crores. They are also considering whether to go for a private placement or make a public offer. Please advise them on the following:
  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?

Study the following case/situation and express your opinion.
DDS financial plans to raise 10 crores by issuing secured non-convertible debentures. However, as per the Articles of Association, the board of directors have authority only to raise up to 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following:
Within what period should company issue debenture certificate?


Study the following case/situation and express your opinion.

Violet Ltd. company plans to raise 10 crores by issuing debentures. The Board of Directors has some queries. Please advise them on the following:
  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?

Elaborate on the process for the issue of debentures.


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