Mention features of Debenture.

The features of Debenture are as follows:

1. Written promise: It is written promise issued to the lender that states the payment of the value of loan in a specified period of time .

2. Face value : A debenture has a fixed face value. It is generally Rs. 1,000.

3.Rate of interest: The rate of interest is fixed and paid every year.

4. Maturity period: Debenture is redeemable (payable) at a fixed and specified period of time which is called maturity period

5. Long term : It is form of long term...

Define debenture.

A debenture is a document which refers to undertaking of the company,in writing for acknowledging a debt and containing a contract of the repayment of the principal sum at a specific period and for payment of interest at a fixed rate. Debenture is a long term loan.

What do you mean by private company? Write any five privileges of private companies.

A company is said to be a private company if it restricts the right of its members to freely transfer shares,limit the number of its members one to one hundred one and does not invite public to subscribe for shares or debentures by issuing prospectus.

Privileges of private company

a. Formation by a a single person: A private limited company may be formed even by a single person.

B. Commencement of business:It can start it's business immediately after getting certificate of incorporation.

C. No...