Bonds & Debentures
This query is : Open
01 September 2009
Pl let me know upto what extent a company can issue bonds & Debentures ?
Is there any registration required with ROC for the registrations of Bonds / Debentures ?
Hoping a quick updation for the same.
Regards
Amit Gupta
Is there any registration required with ROC for the registrations of Bonds / Debentures ?
Hoping a quick updation for the same.
Regards
Amit Gupta
01 September 2009
As per Section 125 (4) of the Companies Act, registration of a charge for purpose of issue of debentures is mandatory. Section 128 stipulates that where a company issues series of debentures which is secured by charge, benefit of which will be available to all debenture holders pari passu, the company shall file the prescribed particulars in Form 10 and 13 with the Registrar of Companies for registration of charge. These forms shall be filed within 30 days after the execution of the deed.
As per Section 125 (4) of the Companies Act, registration of a charge for purpose of issue of debentures is mandatory. Section 128 stipulates that where a company issues series of debentures which is secured by charge, benefit of which will be available to all debenture holders pari passu, the company shall file the prescribed particulars in Form 10 and 13 with the Registrar of Companies for registration of charge. These forms shall be filed within 30 days after the execution of the deed.
02 September 2009
Hi Manmohan,
Thanks a lot for yiur valuable & prompt advice !!!
Also Need your clarifications regarding my first query i.e. "upto what extent a company can issue bonds & Debentures"?
Regards
Amit
Thanks a lot for yiur valuable & prompt advice !!!
Also Need your clarifications regarding my first query i.e. "upto what extent a company can issue bonds & Debentures"?
Regards
Amit
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