Question
As per Companies Act, 2013, the maximum tenure of
secured Debentures is ____Solution
As per Section 71 of the Companies Act, 2013 under Companies (Share Capital & Debentures) Rules, 2014 • A Company may issue wholly or partly convertible debentures and such issue shall be approved by a Special Resolution passed at a General Meeting. • Company cannot issue debentures carrying voting rights. • Company should create Debenture Redemption Reserve Account out of the distributable profits. • It is mandatory to appoint debenture trustee if debenture is issued to more than 500 persons • Payments of interest & redemption shall be with the terms of the issue. • Secured debentures maximum tenure should be 10 years. But for Infra it is 30 years.
What was the purpose of the 'Climate Strategy 2030' unveiled by NABARD on Earth Day 2024?
Cost of issue of new shares is known as:
What is the provision required for the secured portion of an asset classified as Substandard Asset according to RBI’s IRAC guidelines?
Which of the following is a disadvantage of the payback period method in capital budgeting?
What is the range of the guarantee cover amount under the Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC)?
Which city ranked 350th in the 2024 Oxford Economics Global Cities Index?
In personal development, how does ethics contribute to decision-making?
Which of the following types of credit facilities is most suitable for an MSME requiring financing to maintain inventory levels, receivables, and workin...
Which of the following organizations manages the pension fund for government employees in India?
Which of the following best describes the role of the National Asset Reconstruction Company Ltd (NARCL) in the Indian banking sector?
