WebInterest rate per annum for the Scheduled Interest Period: 0.494%. Annual Charge applicable to the Scheduled Interim Period: .515% per annum Date of Issuance: 3-04-13 Scheduled Pooling Date: 3-27-13 WebA company may issue debentures, which may or may not be secured by its assets. In this sense, a debenture is a loan to the company by a group of persons, who may transfer and deal in it. Public companies and DACs may issue debentures (transferable loans/debt) which are traded on stock markets.
debenture Wex US Law LII / Legal Information Institute
A debenture is a type of bond or other debt instrument that is unsecured by collateral. Since debentures have no collateral backing, they must rely on the creditworthiness and reputation of the issuer for support. … See more Similar to most bonds, debentures may pay periodic interest payments called coupon payments. Like other types of bonds, debentures … See more Debentures are the most common form of long-term debt instruments issued by corporations. A company will issue these to raise capital for its … See more When issuing a debenture, first a trust indenture must be drafted. The first trust is an agreement between the issuing corporation and the trustee that manages the interest of the investors. See more open and closed circulatory system similarity
Issue of Debentures under Section 71 of Companies Act, 2013
WebMay 19, 2024 · A company must allot the debenture certificates within 6 months from the date of allotment. 2. Stamp duty: Stamp duty on issuance of debentures is governed by the Indian Stamp Act, 1899 and is payable at the rate of .05% per year of the face value of the debentures, subject to the maximum of 0.25% or Rs 25 lakh, whichever is lower. WebJul 30, 2024 · As per Section 2 (30) of the Co mpanies Act, 2013, a “debenture” is any security issued by a company, including bonds, debenture inventory, and other securities, irrespective of it constituting a charge on the assets of … WebOn issue of debenture, a Company shall create a Debenture Redemption Reserve (DRR) out of the profits of the company available for payment of dividend and the amount … iowa hawkeye theme song