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DEBENTURE. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCDEBENTURE.3 Marks
Question
State the concept of debentures.
✓

Answer

Debenture is a document containing an acknowledgement of indebtedness; issued by the company under its common seal and giving an undertaking to repay the debt, at a specified rate or at the option of the company and in the meantime to pay interest, thereon at a fixed and at interval stated in debentures.

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