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Correspondence with Debentureholders — Secretarial Practice STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeCorrespondence with Debentureholders4 Marks
Question
When does a secretary enter into correspondence with debenture holders?
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Answer

  1. Debenture holders are creditors of the company.
  2. Therefore, they do not participate in the management of the company.
  3. They do not enjoy voting rights.
  4. Whatever decisions are taken by the management, are communicated to them by the secretary.
  5. A secretary has to enter into correspondence with the debenture holders under the following circumstances :
  • Informing the applicant about allotment of debentures.
  • Informing about payment of interest through
    • Interest warrant
    • Electronic payment of Interest
  • Letter of conversion of debentures into equity shares.
  • Letter for the redemption of debentures.

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