Terms of issue of debentures govern public companies' issuance and convertible loan conditions, commencing on publication in the Official Gazette. These rules regulate the terms of issue of debentures and raising of loans with an option to convert such debentures or loans into shares in public companies, are made under the Companies Act rule making power, are titled as the Public Companies (Terms of issue of debentures and of raising of loans with option to convert such debentures or loans into shares) Rules, 1977, and commence on publication in the Official Gazette.