Answer Posted / ashid puzhakkal, m.com, b.ed.
It is a document issued by the company under its seal as an
acknowledgement of its debt. Debenture holders are the
creditors of the company and they do not have voting right.
Debentures usually carry fixed rate of interest.
Debentures may be secured, unsecured,redeemable,
irredeemable, bearer, registered, convertible, and non
convertible debentures
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