Commission disclosure on debenture subscriptions requires filing the amount or rate, omission not affecting debenture validity. A company that pays any commission, allowance or discount in consideration of subscription or procurement of subscriptions for its debentures must include the amount or rate per cent of that commission, discount or allowance in the particulars filed for registration under the registration provisions; failure to include those particulars does not affect the validity of the debentures. Debentures deposited as security for a company debt are not treated as issued at a discount for this purpose.