Debenture Certificate & Common Seal

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Dear sir,

Is it compulsory that common seal of the Company be affixed in the Debenture Certificate?
Shall we issue debenture Certificate with out common seal.

Regards

P. Raja

Replies (2)

Dear Raja ji,

 

Debenture Certificate can be issued in the same manner as Share Certificate. However, the Companies (Issue of Share Certificate) Rules, 1960 do not apply to debentures nor there are separate rules governing issue of debenture certificates. However, the precautions required under those rules in respect of share certificate should be observed in respect of debenture certificates.

 

Common Seal must be affixed on the Debenture Certificate.

Please check your Articles for the exact provisions regarding use of common seal.
 

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