Tuesday, August 18, 2009

Debentures

DEBENTURES:


The most usual form of barrowing by a company is by the issue of debentures. according to debentures include debenture stock, bonds and any other securities of a company, wheather consulting a charge on the assets of company or not.


Debentures are commenly issued in a manner similar to the issue of shares through a prospectus. the amount might be payable by instalments on application, allotment of calls.but the amount is lump sum.

NATURE OF DEBENTURES:

As amended by the companies amendment act)act,1999]. the debentures of a company are movable property, transferable in the manner provided by the articles.


KINDS OF DEBENTURES:

1.Bearer debentures.

2.Registered deentures.

3.Secured debentures.

4.Unsecured debentures.

5.Redeemable debentures.

6.Iredeemable or perpectual debentures.

7.Convertible debentures.

8.Non-convertible debentures.

1 comment:

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