How long does the certificate of registration of debenture trustee remain valid?
whether unsecured convertible debentures to be issued by private limited company, DRR is mandatory to create?
Our company is engaged in Infrastructure Projects
Can our company issue Debentures for a tenure of 25 years?
One of a Company want to issue debentures with an option to convert such debentures into shares through CCPS in future. So while drafting documents of CCD do I write the line below or what would be the correct line.
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures and/ or other debt Securities on private placement basis
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures
Please advise at the earliest.
Company "A" Pvt. Ltd issued debentures to "b" Pvt. Ltd . Now can "A" ltd purchase the debentures of "A" ltd through transfer from existing debenture holders of 'b"
Can a Company close the Debenture application account once the debentures are alloted?
Please confirm the procedure to pay stamp Duty on issue of debentures in physical mode as per amendment in Indian Stamp Act (RULE 9B) in the state of Uttar Pradesh.
Can anybody help with the procedure to issue zero coupon Non convertible Debentures in a public company?
Can a private limited company buy back its shares and debentures held by another company .Is any prohibition for the same.
I want to know , What is the process of issue of Secured Debentures Through Private Placement in a Private Limited Company
The term debenture has been defined under Section 2(30) of the Companies Act, 2013 to include debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not.
The term Debenture has not been defined under the Act. The term “Debenture” has only been specified in List I of the Act which reads as under:
Art. 27 of stamp Act. DEBENTURE (where a mortgage debenture or not), being marketable security transferable-
a. By endorsement or by a separate instrument of transfer
b. By delivery
Explanation – The term “Debenture” includes any interest coupons attached thereto but the amount of such coupons shall not be included in estimating the duty.
A debenture issued by an incorporated company or other body corporate in terms of a registered mortgage deed, duly stamped in respect of the full amount of debentures to be issued thereunder, whereby the company or body borrowing makes over, in whole or in the party, their property to trustees for the benefit of the debentures holder:
Provided that the debentures so issued are express to be issued are expressed to be issued in terms of the said mortgage deed.
0.05% per year of the face value of the debenture, subject to the maximum of 0.25% or rupees twenty-five lakhs whichever.
In terms of the provision, for Debenture to attract levy of stamp duty it needs to be a “Marketable Security” transferable by endorsement or by a separate instrument of transfer or by delivery.
A company issuing debentures is required to pay stamp duty only if debentures are treated as “marketable security”. Hence, it is important to analyse the expression “marketable security”.
Please, anyone, clear the same if need to pay and how to pay?
I need a contact for SEBI registered debenture trustees (reasonable) in banagalore, pls suggest and share contacts if any.
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