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What is debenture? Explain the features of debenture |
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Answer» ACCORDING to section 2(30) of the Indian companies Act 2013,"DEBENTURE includes stock,bonds or any other instrument of a company evidencing a debts, whether constituting a charge on the assets of the company or not." features of debenture 1.debenture is an instrument of LOAN capital of the company. 2.it is an ACKNOWLEDGEMENT of debts from a particular person. 3.it carries a fixed rate of interest . 4.it carries the promise to pay interest after regular intervals. 5. it is normally secured. 6.it does not CARRY any voting right. |
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