Bebanturs ,Kinds of Debantures :

Bebanturs = debantures is the source of obtaining long term finance for a company . As per section 2(12) of the companies act 1956 debantures has been defined as" debantures includes debantures stock, bonds,and any other security of company, weather constitut a charge on the assets of the company or not. 

Kinds of Debantures :  

Simple debantures : they do not have any security. But mortgage debantures are secured debantures and have charge on the property of the company. 

Redeemable debantures :  these debantures are redeemable after 5 to 7 years. Taken against perpetual debantures. 

Bearer debantures:  Delivered by only delivery. The name of bearer debantures holder are not recorded in the book of the company. Transferable only by the company. 

Convertible debantures :  convertible are converted into shares after sometimes. 


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