(30) Debenture

“debenture” includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not

Proviso

Provided that— (a) the instruments referred to in Chapter III-D of the Reserve Bank of India Act, 1934; and

(b)

such other instrument, as may be prescribed by the Central Government in consultation with Reserve Bank of India, issued by a company, shall not be treated as debenture;

Notes, amendments & references (1)

Inserted vide Companies (Amendment) Act, 2017 dated 03.01.2018. To view the notification, Click Here