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    Anoushey Fatima
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    This document defines and discusses debentures of a company. It notes that a debenture is a certificate of loan issued by a company that acknowledges its indebtedness. Debentures contain the bond containing the terms of the loan and any charges, as well as the conditions endorsed. Companies can issue different kinds of debentures with varying classes, rights, and privileges. The document also discusses debenture trust deeds, legal provisions regarding debentures, registers of debenture holders, and remedies available to debenture holders.

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    This document defines and discusses debentures of a company. It notes that a debenture is a certificate of loan issued by a company that acknowledges its indebtedness. Debentures contain the bond containing the terms of the loan and any charges, as well as the conditions endorsed. Companies can issue different kinds of debentures with varying classes, rights, and privileges. The document also discusses debenture trust deeds, legal provisions regarding debentures, registers of debenture holders, and remedies available to debenture holders.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    14 views1 page

    Debentures

    Uploaded by

    Anoushey Fatima
    This document defines and discusses debentures of a company. It notes that a debenture is a certificate of loan issued by a company that acknowledges its indebtedness. Debentures contain the bond containing the terms of the loan and any charges, as well as the conditions endorsed. Companies can issue different kinds of debentures with varying classes, rights, and privileges. The document also discusses debenture trust deeds, legal provisions regarding debentures, registers of debenture holders, and remedies available to debenture holders.

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    © All Rights Reserved
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    COMPANIES ACT 2017

    Barrister Hassan Safdar Khan

    Handout
    Debentures of Company

    1. Definition:

    A debenture is a certificate of loan issued by a company which creates or acknowledges an indebtedness


    of the company.

    Any instrument under seal evidencing a debt the essence of it being the admission of indebtness.
    (Palmer)

    2. Contents of Debentures
    a) The body containing the bond and the charge
    b) The condition endorsed thereon
    3. Features of debentures
    4. Period of debentures
    5. Kinds of Debentures: A company may issue different kinds of debentures having different
    classes, rights and privileges as may be specified. (sec 63)
    6. What is Debenture Trust Deed and where is it required?
    7. Legal Provisions regarding Debentures:
    8. Index of Debenture Holder
    9. Evidence
    10. Inspection of register:
    11. Rectification of Register:
    12. Remedies of Debenture Holders

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