What is debenture holders meeting?
Meeting of the Debenture Holders means a meeting of the Debenture Holders, duly called, convened and held in accordance with the provisions set out in Schedule 1 (Provisions for the meetings of the Debenture Holders) of Part A (Statutory/Standard information pertaining to issuance of non-convertible debentures).
What is debenture holders meeting Companies Act 2013?
The word ‘debenture’ has been derived from a Latin word ‘debere’ which means to borrow. Section 2(30) of the Companies Act, 2013 define “debenture” which includes 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.
What is the need for meeting of debenture holders?
When a company desires to vary the rights of debenture-holders, such meetings are to be held according to the rules laid down in the Debenture Trust Deed. They are also held to enable the company to issue new debentures or to vary the rate of interest payable to debenture-holders.
Who can call for meeting of debenture holders?
The General Meeting of Debenture-holders may be convened by the FIDUCIARY AGENT or the ISSUER or by debenture-holders representing at minimum ten percent (10%) of the outstanding DEBENTURES or by the CVM.
What do mean by debenture?
A debenture is a marketable security (a type of investment) issued by a business or other organization to raise money for long-term activities and growth. It is a form of debt capital so it is accounted for as debt on the balance sheet of the issuing company.
What is the meaning of meeting of creditors?
a meeting of the people or companies that are owed money by a bankrupt company, especially a meeting at which they vote on whether to accept the plan for dividing the assets that remain: Our proposal went out last Friday for a creditors’ meeting on February 10.
What are the types of company meetings?
Types of Business Meetnings
- Formal meetings.
- Informal meetings.
- Project status or update meetings.
- Planning meetings.
- Governance cadence business meetings.
- Innovation meetings.
- Team building meetings.
- Problem-solving meetings.
What are the four types of meetings?
4 meeting types and how to make them work
- Information sharing meetings.
- Decision-making meetings.
- Problem-solving meetings.
- Innovation meetings.
What are the rights of debenture holders?
(i) They can file a suit against the company for the principal as well as for the interest. (ii) They can file an application to the court regarding compulsory dissolution of the company. (iii) If the company is under the process of winding up, they can claim their principal.
What are debentures answer in one sentence?
Debentures are debt instruments issued by a company to raise capital.