Complete the sentences.
1. A legal instrument conveying the assets of a company to the Debenture trustees is called …………………….
Ans:- A legal instrument conveying the assets of a company to the Debenture trustees is called Debenture Trust Deed.
2. To protect the interest of Debenture holders, a company appoints ……………
Ans:- To protect the interest of Debenture holders, a company appoints Debenture Trustees.
3. On receipt of application and money, the procedure for allotment of debentures should be completed within ……………………
Ans:- On receipt of application and money, the procedure for allotment of debentures should be completed within 60 days.
4.Authority to create charge on company’s assets is with the …………………
Ans:- Authority to create charge on company’s assets is with the Debenture Trustees . .
5. Secured debentures should be redeemed within ……………..
Ans:- Secured debentures should be redeemed within 10 years .
6. To stop a company from incurring further liabilities, the Debenture trustee can approach ……………….
Ans:- To stop a company from incurring further liabilities, the Debenture trustee can approach NCLT.. .
7. A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint …………………
Ans:- A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint Debenture Trustees .
8. Return on investment on debenture is called ………………..
Ans:- Return on investment on debenture is called Interest. .
9. For public issue of debentures of ` 100 crores, minimum subscription should be …………………….
Ans:- For public issue of debentures of ` 100 crores, minimum subscription should be 75%
10. For public issue or rights issue of convertible debentures, as per SEBI, a company must obtain ……………….
Ans:- For public issue or rights issue of convertible debentures, as per SEBI, a company must obtain Credit Rating..