https://www.taxtmi.com/circulars?id=10648 After legal consultation, the department acknowledged doubt arising from the inclusive statutory definition but decided that, presently, a fixed deposit receipt should be regarded as a security and not as a debenture to avoid disrupting an established method of raising company finance, subject to reconsideration if widespread abuse is observed. en-us Wed, 10 Dec 1958 00:00:00 +0530 Tue, 21 Jun 2011 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10648 After legal consultation, the department acknowledged doubt arising from the inclusive statutory definition but decided that, presently, a fixed deposit receipt should be regarded as a security and not as a debenture to avoid disrupting an established method of raising company finance, subject to reconsideration if widespread abuse is observed. Circulars Companies Law Wed, 10 Dec 1958 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10648