https://www.taxtmi.com/acts?id=17368 A company may issue convertible debentures with special resolution approval; debentures cannot carry voting rights. The company must create a debenture redemption reserve from distributable profits solely for redemption. Prospectuses or offers exceeding five hundred subscribers require appointment of debenture trustees, who must protect holders' interests and cannot be indemnified against liability for breach of trust absent prescribed exemptions. Trustees may petition the Tribunal if assets appear insufficient, and the Tribunal may restrict further liabilities or order redemption on default; interest and redemption must follow issued terms. en-us Sat, 02 Mar 2013 11:29:22 +0530 Sat, 29 Nov 2025 11:43:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17368 A company may issue convertible debentures with special resolution approval; debentures cannot carry voting rights. The company must create a debenture redemption reserve from distributable profits solely for redemption. Prospectuses or offers exceeding five hundred subscribers require appointment of debenture trustees, who must protect holders' interests and cannot be indemnified against liability for breach of trust absent prescribed exemptions. Trustees may petition the Tribunal if assets appear insufficient, and the Tribunal may restrict further liabilities or order redemption on default; interest and redemption must follow issued terms. Act-Rules Companies Law Sat, 02 Mar 2013 11:29:22 +0530 https://www.taxtmi.com/acts?id=17368