FINANCIAL STRUCTURE AND MEMBERSHIP – III - DEBT CAPITAL

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..... s unless they have received the prior sanction of the company in general meeting. Types of Borrowings Long Term Borrowings - period ranging from five years or more Short Term Borrowings - period upto one year Medium Term Borrowing - Period two to five years. Debentures- Section 2(12) A document given by a company under its seal as an evidence of a debt to the holder usually arising out of lo .....

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..... benture Trust Deed - Section 117A To secure Debenture Stock. Appointment of Debenture Trustees and duties of Debentures Trustees - Section 117B No company shall issue a prospectus or a letter of offer to the public for subscription of its debentures, unless the company has appointed one or more debenture trustees for such debentures and the company has on the face of prospectus stated the deb .....

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