Debenture definition clarifies that instruments evidencing company debt are included, with specified banking-issued instruments excluded. Debenture includes debenture stock, bonds or any other company instrument evidencing a debt, whether or not constituting a charge on assets, but excludes ... Summary
Debenture definition clarifies that instruments evidencing company debt are included, with specified banking-issued instruments excluded.
Debenture includes debenture stock, bonds or any other company instrument evidencing a debt, whether or not constituting a charge on assets, but excludes instruments specified under the relevant banking statute chapter and other instruments prescribed by the Central Government in consultation with the banking regulator.
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