Debenture
This query is : Open
02 March 2012
Dear Members,
Kindly please help me to know that, if debenture has been issue by the public unlisted company than is there any limit specify for the issuing of debenture and if, yes than what would be the limit??
and how to calcualte the value of debenture? (Valuation Procedure)
Dear Members,
Kindly please help me to know that, if debenture has been issue by the public unlisted company than is there any limit specify for the issuing of debenture and if, yes than what would be the limit??
and how to calcualte the value of debenture? (Valuation Procedure)
Ajay Mishra
(Expert)
02 March 2012
Please check whether you are issuing debenture against loan then, the limit of debenture will be the amount of loan. Debenture= (Interest+Principle)
Please check whether you are issuing debenture against loan then, the limit of debenture will be the amount of loan. Debenture= (Interest+Principle)
02 March 2012
Thanks a lot sir for your prompt reply...
but can you please tell me is there any amount of limit which has been specify for the issuance of debenture??
but can you please tell me is there any amount of limit which has been specify for the issuance of debenture??
Ajay Mishra
(Expert)
02 March 2012
Hi
Under section 292 (b) of the Companies Act, 1956 give power to Board for issue of debentures.
Section 293(1) (d) specify limit up to which a Board can take loan subject to the approval of shareholders.
A debentures usually provide for payment of interest until the principle sum is paid back..
A debentures usually provides for payment of specified principal sum at specified date.
You can issue debentures upto loan amount.
Regards
Under section 292 (b) of the Companies Act, 1956 give power to Board for issue of debentures.
Section 293(1) (d) specify limit up to which a Board can take loan subject to the approval of shareholders.
A debentures usually provide for payment of interest until the principle sum is paid back..
A debentures usually provides for payment of specified principal sum at specified date.
You can issue debentures upto loan amount.
Regards
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