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At the time of issue of debentures, debentures a/c is:a. Credited by the amount receivedb. Credited by the issue price of the debenturesc. Credited by the nominal value of the debenturesd. None of the above
c. Credited by the nominal value of the debentures
c. Credited by the nominal value of the debentures
See lessWhen the debentures are issued at a discount, the discount must be written offa. After the debentures have been redeemedb. Within 5 years of the issue of debenturesc. During the life of the debenturesd.None of the above
c. During the life of the debentures
c. During the life of the debentures
See lessDefine first debentures.
The debentures which have to be paid back before the other debentures are referred to as the first debentures.
The debentures which have to be paid back before the other debentures are referred to as the first debentures.
See lessDefine redeemable debentures.
Redeemable debentures are those debentures that are repayable by the enterprise at the end of a particular period or by instalments during the existence of a company.
Redeemable debentures are those debentures that are repayable by the enterprise at the end of a particular period or by instalments during the existence of a company.
See lessWhat is the under-subscription of Debentures?
The under-subscription of debentures refers to, that the applications have been received for a lesser number of debentures than offered for subscription.
The under-subscription of debentures refers to, that the applications have been received for a lesser number of debentures than offered for subscription.
See lessWhat is the over-subscription of Debentures?
The over-subscription of debentures refers to, the company has received applications for more number of debentures that it has actually issued. In such a scenario, the enterprise may make allotment by any of the following 3 options mentioned below: First alternative – Rejecting excess applications SRead more
The over-subscription of debentures refers to, the company has received applications for more number of debentures that it has actually issued. In such a scenario, the enterprise may make allotment by any of the following 3 options mentioned below:
First alternative – Rejecting excess applications
See lessSecond alternative – Partial or pro-rata allotment
Third alternative – A combination of the above mentioned 2 alternatives
What is the minimum subscription?
According to Section 39 (1) of the Companies Act, 2013, an enterprise cannot allot securities until and unless the minimum subscription given in the prospectus is received. Hence, the Act does not specify the minimum subscription but has to be decided by the company itself.
According to Section 39 (1) of the Companies Act, 2013, an enterprise cannot allot securities until and unless the minimum subscription given in the prospectus is received. Hence, the Act does not specify the minimum subscription but has to be decided by the company itself.
See lessGive the meaning of interest on debentures.
Interest on debentures is computed at a fixed rate on its nominal or face value payable quarterly, half-yearly or annually with accordance to the terms of the issue.
Interest on debentures is computed at a fixed rate on its nominal or face value payable quarterly, half-yearly or annually with accordance to the terms of the issue.
See lessWhat is the Issue of Debentures?
An enterprise issues the prospectus inviting people to subscribe debentures of an enterprise. The enterprise can also make some private placement of the debentures following the prescribed procedure.
An enterprise issues the prospectus inviting people to subscribe debentures of an enterprise. The enterprise can also make some private placement of the debentures following the prescribed procedure.
See lessMention the types of Debentures.
An enterprise may issue different types of debentures which can be categorised as follows: From the security point of view From redemption point of view From records point of view From a priority point of view From the point of view of coupon rate From convertibility point of view
An enterprise may issue different types of debentures which can be categorised as follows:
From the security point of view
See lessFrom redemption point of view
From records point of view
From a priority point of view
From the point of view of coupon rate
From convertibility point of view