Download App

Issue of Debentures — Secretarial Practice STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeIssue of Debentures4 Marks
Question
Members, as well as debenture holders, can inspect the debenture trust deed.
✓

Answer

  • The company enters into the contract with the debenture trustees which is called as ‘Debenture Trust Deed”.
  • It is a legal instrument conveying the assets of a company of the trustees.
  • The deed includes the rights of debenture holders and the duties and powers of debenture trustees.
  • It contains terms and conditions agreed between the company and debenture trustee.
  • Thus, it is rightly said that members, as well as debenture holders, can inspect the debenture trust deed.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Justify the following statement." from Issue of Debentures→Issue of Debentures — all question types→Secretarial Practice STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Debenture Redemption Reserve Account is used for the redemption of debentures.
→
Electronic holding of securities is safer than physical holding.
→
Insider trading is considered illegal.
→
Correspondence with the depositors enhances the goodwill of the company.
→
Equity Capital is risk capital.
→
Stock Exchange is a Secondary Market.
→
Capital structure is composed of owned funds and borrowed funds.
→
Depository provides easy and quicker transfer of shares.
→
Money Market makes available short-term finance through different instruments.
→
Stock exchanges work for the growth of the Indian economy.
→