What is debenture? Explain the features of debenture
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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.
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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