In last post we discussed Debenture Trust. Now we will discuss format for debenture trust deed as given in Form SH -12.
The debenture trust deed shall, inter alia, contain the following:-
Debenture is most important instrument to raise capital for a company. A company use debenture to raise debt capital. Popularly, debenture issued by public sector companies with government approval is called bonds.
Section 2 (30) of the Companies Act, 2013 define inclusively debenture as “debenture” includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not.