https://www.taxtmi.com/acts?id=12423 Companies issuing debentures must create a debenture redemption reserve funded from profits and limited to redemption use; they must pay interest and redeem as per issue terms. If redemption fails at maturity, the Tribunal may order immediate redemption by payment of principal and interest, and officers defaulting on such orders face imprisonment and daily fines. Notes indicate substitution of the Tribunal for the Company Law Board and specify the application form and fee. en-us Mon, 09 May 2011 12:37:30 +0530 Mon, 09 May 2011 12:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12423 Companies issuing debentures must create a debenture redemption reserve funded from profits and limited to redemption use; they must pay interest and redeem as per issue terms. If redemption fails at maturity, the Tribunal may order immediate redemption by payment of principal and interest, and officers defaulting on such orders face imprisonment and daily fines. Notes indicate substitution of the Tribunal for the Company Law Board and specify the application form and fee. Act-Rules Companies Law Mon, 09 May 2011 12:37:30 +0530 https://www.taxtmi.com/acts?id=12423