https://www.taxtmi.com/manuals?id=412 Boards of public companies are restricted from borrowing beyond the aggregate of paid-up share capital and free reserves without prior shareholder sanction; debentures are a common non-voting form of corporate debt issued in multiple forms and may be consolidated as debenture stock. Issuance requires appointment and consent of debenture trustees and a trust deed to secure stock. Companies issuing debentures must create a debenture redemption reserve from profits until redemption and must keep a register of debenture holders; reserve (uncalled) capital cannot be charged except on winding up. Tribunal relief is available for non-redemption. en-us Tue, 15 May 2012 17:18:00 +0530 Tue, 22 May 2012 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=412 Boards of public companies are restricted from borrowing beyond the aggregate of paid-up share capital and free reserves without prior shareholder sanction; debentures are a common non-voting form of corporate debt issued in multiple forms and may be consolidated as debenture stock. Issuance requires appointment and consent of debenture trustees and a trust deed to secure stock. Companies issuing debentures must create a debenture redemption reserve from profits until redemption and must keep a register of debenture holders; reserve (uncalled) capital cannot be charged except on winding up. Tribunal relief is available for non-redemption. Manuals Companies Law Tue, 15 May 2012 17:18:00 +0530 https://www.taxtmi.com/manuals?id=412