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of <h1>Issuance of Debentures Under Companies Act, 2013: Conversion Options, Voting Rights, and Trustee Roles Explained</h1> Section 71 of the Companies Act, 2013, governs the issuance of debentures by companies. Companies may issue debentures with a conversion option into shares, requiring approval via a special resolution. Debentures cannot carry voting rights. Secured debentures must comply with prescribed terms, and companies must establish a debenture redemption reserve from profits. Offers exceeding 500 members require appointed debenture trustees. Trustees protect debenture-holder interests and cannot be indemnified for trust breaches. Companies must adhere to terms for interest payments and redemption. Trustees may petition the Tribunal if company assets are insufficient. The Tribunal can mandate redemption if defaults occur. The Central Government prescribes related procedures and requirements.
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