- 13.5% secured redeemable partly convertible debentures of Rs 300 each for cash at par. The debentures were allotted on preferential basis: (i) 26‚250 debentures to employees/workers of the Company and associate companies (ii) 52‚500 debentures to shareholders of Tata Press Ltd. and (iii) 1‚31‚250 debentures to NRIs on repatriation basis. The remaining 3‚04‚500 debentures along with the unsubscribed portion of 78‚900 debentures from the preferential quota were offered for public
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A Small note on “Registration of Charges” What is meant by a charge? The word ‘charge’ is to used to mean any form of security for debt‚ unless the word is used otherwise. A company having power to borrow money is empowered also to charge its assets‚ subject however to any limitations in its Memorandum or Articles. Under Companies Act‚1956(S.124)‚ the expression ‘charge’ includes ‘Mortgage’. What is meant by a fixed and a floating charge? A ‘fixed charge’ is also called a ‘specific charge’
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principal in respect of fixed deposits and interest on existing debentures or principal on redemption thereof and It should be ensured that the company has sufficient reason to believe that it has not defaulted in respect of the payment of statutory dues of the employees such as contribution to provident fund‚ gratuity‚ bonus etc. If the company has already issued either fully convertible debentures or partly convertible debentures than in that case the company is required to extend similar benefits
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The debentures are having a great significance as a means of corporate financing. Through debentures‚ the company is enabled to have the capital without giving any control over their holders. There is a certainty of finance for a specific period and the company can adjust its financial plan accordingly By issuing the debentures‚ the company gets an opportunity to trade on equity. Consequently‚ it results in increasing the return for the equity shareholders. There are certain individuals and institutional
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Debenture - If a company borrows money‚ it will give its creditor a document confirming the existence and terms of the loan. This document is called a debenture. The execution of debentures & creation of charges over land by borrowers in favour of banks to secure banking facilities/loans is a common practice. Typically such debentures empower the banks to appoint receivers & managers to act on behalf of the borrowers to sell charged land by private treaty. (Teo & Khaw) Question: in
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(TO BE PUBLISHED IN THE DELHI GAZETTE PART-IV EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI REVENUE DEPARTMENT‚ 5 SHAM NATH MARG‚ DELHI No. F.l( 423 )/Regn.Br./HQ/Div.Com./lO NOTIFICATION No. conferred F.1(423)/Regn.Br./HQ/Div.Com./10:by section In Dated exercise of the powers with 9 of the Indian stamp Act‚ 1899 (2 of 1899) read Government judl-II) dated of India‚ Ministry of Home Affairs‚ Notification the July 22‚ 1961 and with the approval as communicated
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| |Accounting for |Ø Forfeiture of shares: accounting treatment‚ re-issue of forfeited shares | |share capit |Ø Presentation of Share Capital and Debenture in company’s Balance Sheet | |Authorized capital| | |Issued capital |Joint Stock Company is the most
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be reduced by the value of any benefit derived by it in consequence of a compromise or concession made with any creditor. OBJECTIVE • To study about shares and debentures‚ • To study about convertible debentures‚ • To analyze the conversion of loans into shares. DEBENTURES A Debenture is a unit of loan amount. When a
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financing or debt financing. The debt financing includes the issuance of debentures. The Companies and Allied Matters Act (CAMA) defines a debenture as a written acknowledgment of indebtedness by the company setting out the terms and conditions of the indebtedness. 1. In the given question‚ I think unsecured long term debt like debenture could not be the plausible alternative to selling equity for the OM as trading unsecured debentures is less attractive to both the investors and the company. This belief
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preference shares and debentures * Preference Shareholders are effectively owners; debenture-holders are creditors. * Preference Shareholders may vote at AGMs and be elected as directors; debenture-holders may not vote at AGMs or be elected as directors. * Preference Shareholders receive profit in the form of dividends; debenture-holders receive a fixed rate of interest. * If there is no profit‚ the shareholder does not receive a dividend; interest is paid to debenture-holders regardless
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