Register of debenture holders duty: maintain detailed records and an index, with a statutory fine for default. Companies must maintain a register of debenture holders recording each holder's name, address and occupation; the debentures held with identifying particulars where required by depository rules and amounts paid or treated as paid; dates of entry and cessation. Companies with more than fifty debenture holders must keep an index of names, update it within fourteen days of register alterations, and ensure the index enables ready location of register entries. Default by the company or an officer attracts a statutory fine. The register and index obligations exclude debentures payable to bearer.
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Register of debenture holders duty: maintain detailed records and an index, with a statutory fine for default.
Companies must maintain a register of debenture holders recording each holder's name, address and occupation; the debentures held with identifying particulars where required by depository rules and amounts paid or treated as paid; dates of entry and cessation. Companies with more than fifty debenture holders must keep an index of names, update it within fourteen days of register alterations, and ensure the index enables ready location of register entries. Default by the company or an officer attracts a statutory fine. The register and index obligations exclude debentures payable to bearer.
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