FINANCIAL STRUCTURE AND MEMBERSHIP – III - DEBT CAPITAL

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..... erves unless they have received the prior sanction of the company in general meeting. Types of Borrowings Long Term Borrowings period ranging from five years or more Short Term Borrowings period upto one year Medium Term Borrowing Period two to five years. Debentures- Section 2(12) A document given by a company under its seal as an evidence of a debt to the holder usually a .....

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..... ck known as Debenture Stock Debenture Trust Deed Section 117A To secure Debenture Stock. Appointment of Debenture Trustees and duties of Debentures Trustees Section 117B No company shall issue a prospectus or a letter of offer to the public for subscription of its debentures, unless the company has appointed one or more debenture trustees for such debentures and the company .....

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..... ls to redeem the debentures on the date of maturity, the Debentureholder may make an application to Tribunal who in turn after hearing the parties concerned direct the company to redeem the debentures forthwith by the payment of principal and interest due thereon. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxma .....

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