Debenture are  fixed rate loan ,loan with fixed interest payment that a companies use to raise money .after a certain amount of time, convertible debenture can be turned into share of the  company that issued them .

A. Convertible Debentures. :-    convertible  Debenture can be converted into shares of the company on completion of a pre decided period. the term  and condition of the conversion are announced at the time of issue of the debenture.

B. Non-Convertible Debentures.:- Non – convertible debenture cannot be converted into the share of the company.

C.  Secured Debenture :-  Secured Debenture are secured by a charge on the company assets. They give the holders a right to recover principal amount along with any unpaid debenture interest out of the assets mortgaged by the company .

 

D. Unsecured Debenture :-  Unsecured  debenture  are not secured .they do not have any charge on the company  assets. therefore ,they  have no  claim  on  company assets with respect to the principal amount or unpaid interest.

 

E. Redeemable Debenture:- Redeemable Debenture are issued for a fixed period ,on the expiry of the fixed period .the debenture holder are paid  the principal amount.

 

F. Non- Redeemable Debenture:- Non- Redeemable Debenture cannot be redeemed in a company ‘s lifetime , non -redeemable  debenture are only paid back on company’s liquidation.

 

Who  can issue  debenture  :-

A.  Government

B.  Corporate

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