By issuing debentures means issue of a certificate by the company under its seal which is an acknowledgment of debt taken by the company. The procedure of issue of debentures by a company is similar to that of the issue of shares. A Prospectus is issued, applications are invited, and letters of allotment are issued.
Issue of debentures is referred to as the action of issuing a certificate by a company under its seal in acknowledgement of any debt that is taken by the company. The issuing of debentures follows a process which is similar to that of issue of shares by a company.
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By issuing debentures means issue of a certificate by the company under its seal which is an acknowledgment of debt taken by the company. The procedure of issue of debentures by a company is similar to that of the issue of shares. A Prospectus is issued, applications are invited, and letters of allotment are issued.
Answer:
Issue of debentures is referred to as the action of issuing a certificate by a company under its seal in acknowledgement of any debt that is taken by the company. The issuing of debentures follows a process which is similar to that of issue of shares by a company.