features of debentures and equity shares
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The most salient features of Debentures are as follows:
- A debenture acknowledges a debt.
- It is in the form of certificate issued under the seal of the company (called Debenture Deed). ...
- It has a rate of interest & date of interest payment.
- Debentures can be secured against the assets of the company or may
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「ᴛʜᴇ ᴍᴏsᴛ sᴀʟɪᴇɴᴛ ғᴇᴀᴛᴜʀᴇs ᴏғ ᴅᴇʙᴇɴᴛᴜʀᴇs ᴀʀᴇ ᴀs ғᴏʟʟᴏᴡs:
- ᴀ ᴅᴇʙᴇɴᴛᴜʀᴇ ᴀᴄᴋɴᴏᴡʟᴇᴅɢᴇs ᴀ ᴅᴇʙᴛ.
- ɪᴛ ɪs ɪɴ ᴛʜᴇ ғᴏʀᴍ ᴏғ ᴄᴇʀᴛɪғɪᴄᴀᴛᴇ ɪssᴜᴇᴅ ᴜɴᴅᴇʀ ᴛʜᴇ sᴇᴀʟ ᴏғ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ (ᴄᴀʟʟᴇᴅ ᴅᴇʙᴇɴᴛᴜʀᴇ ᴅᴇᴇᴅ).
- ɪᴛ ʜᴀs ᴀ ʀᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ & ᴅᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ ᴘᴀʏᴍᴇɴᴛ.
- ᴅᴇʙᴇɴᴛᴜʀᴇs ᴄᴀɴ ʙᴇ sᴇᴄᴜʀᴇᴅ ᴀɢᴀɪɴsᴛ ᴛʜᴇ ᴀssᴇᴛs ᴏғ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ ᴏʀ ᴍᴀʏ ʙᴇ ᴜɴsᴇᴄᴜʀᴇᴅ.」♡
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