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of <h1>Companies Can Re-Issue Redeemed Debentures Under Section 121 of the Companies Act, 1956, Unless Restricted by Articles</h1> Section 121 of the Companies Act, 1956, allows companies to re-issue redeemed debentures unless restricted by their articles, conditions of issue, or contracts. Companies can keep debentures alive for re-issue, either by re-issuing the same or issuing new ones. Re-issued debentures grant holders the same rights as if they were never redeemed. Transfers to a nominee for re-issue are considered re-issues. Debentures deposited for security are not deemed redeemed if the account is no longer in debit. Re-issued debentures are treated as new for stamp duty but not for issuance limits. Existing court orders and debenture rights are unaffected.
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