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What are debentures?

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What are debentures?
  • 1 answers

Sonu Sharma 8 years, 1 month ago

Debentures is an important debt instrument for raising long - term finance. It carries a fixed rate of interest. As per Indian Companies Act, 2013 'Debenture' 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.
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