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.