{"id":6129,"date":"2021-09-15T21:23:02","date_gmt":"2021-09-15T15:53:02","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=6129"},"modified":"2025-10-07T19:53:11","modified_gmt":"2025-10-07T14:23:11","slug":"12th-sp-chapter-4-exercise","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/","title":{"rendered":"12th SP Chapter 4 Exercise (Issue of Debentures) &#8211; HSC Board &#8211; Free"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dbee9726ea1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dbee9726ea1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#12th_SP_Chapter_4_Exercise\" >12th SP Chapter 4 Exercise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Chapter_4_%E2%80%93_Issue_of_Debentures\" >Chapter 4 &#8211; Issue of Debentures<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_A_Select_the_correct_answer_from_the_options_given_below_and_rewrite_the_statements\" >Q.1 A) Select the correct answer from the options given below and rewrite the statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_B_Match_the_pairs\" >Q.1 B) Match the pairs.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_C_Write_a_word_or_a_term_or_a_phrase_which_can_substitute_each_of_the_following_statements\" >Q.1 C) Write a word or a term or a phrase which can substitute each of the following statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_D_State_whether_the_following_statements_are_true_or_false\" >Q.1 D) State whether the following statements are true or false.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_E_Find_the_odd_one\" >Q.1 E) Find the odd one.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_F_Complete_the_sentences\" >Q.1 F) Complete the sentences.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_G_Select_the_correct_option_from_the_bracket\" >Q.1 G) Select the correct option from the bracket.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_H_Answer_in_one_sentence\" >Q.1 H) Answer in one sentence.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_I_Correct_the_underlined_words_and_rewrite_the_following_sentences\" >Q.1 I) Correct the underlined word\/s and rewrite the following sentences.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q1_J_Arrange_in_proper_order\" >Q.1 J) Arrange in proper order<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q2_Explain_the_following_termsconcepts\" >Q.2 Explain the following terms\/concepts.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q3_Study_the_following_case_situation_and_express_your_opinion\" >Q.3 Study the following case \/ situation and express your opinion.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q4_Answer_in_brief\" >Q.4 Answer in brief.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q5_Justify_the_following_statements\" >Q.5 Justify the following statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Q6_Answer_the_following_questions\" >Q.6 Answer the following questions.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#12th_Commerce_SP_Textbook_Solution\" >12th Commerce SP Textbook Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/#Check_out_other_posts_related_to_the_12th_Commerce\" >Check out other posts related to the 12th Commerce<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"12th_SP_Chapter_4_Exercise\"><\/span><strong>12th SP Chapter 4 Exercise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center has-black-color has-vivid-green-cyan-background-color has-text-color has-background has-medium-font-size\"><span class=\"ez-toc-section\" id=\"Chapter_4_%E2%80%93_Issue_of_Debentures\"><\/span>Chapter 4 &#8211; Issue of Debentures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_A_Select_the_correct_answer_from_the_options_given_below_and_rewrite_the_statements\"><\/span>Q.1 A) Select the correct answer from the options given below and rewrite the statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) A company cannot issue _____ with voting rights.<br><\/strong>a) Equity shares <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) Debentures <br><\/mark><\/strong>c) Securities<\/p>\n\n\n\n<p><strong>2) A company can issue _____ convertible debentures.<br><\/strong>a) Only partly <br>b) Only fully <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">c) Partly or fully<\/mark><\/strong><\/p>\n\n\n\n<p><strong>3) Money from _____ Account is used for redemption of debentures<br><\/strong>a) Capital <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) Debenture Redemption Reserve <br><\/mark><\/strong>c) Profit or loss<\/p>\n\n\n\n<p><strong>4) _____ protects the interest of debenture holders.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Debenture Trustees <br><\/mark><\/strong>b) Debenture holders <br>c) Redemption Reserve<\/p>\n\n\n\n<p><strong>5) Secured debentures must be redeemed within _____ from the date of its issue<br><\/strong>a) 10 days <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) 10 years <br><\/mark><\/strong>c) 15 years<\/p>\n\n\n\n<p><strong>6) A company issuing _____ debenture must create a charge on the assets of the company.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Secured <br><\/mark><\/strong>b) Unsecured <br>c) Redeemable<\/p>\n\n\n\n<p><strong>7) Debenture certificate must be issued within _____ of allotment of debentures.<br><\/strong>a) 3 months <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) 6 months <br><\/mark><\/strong>c) 60 days<\/p>\n\n\n\n<p><strong>8) The details of allotment of Debentures must be entered in _____.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Register of debenture <br><\/mark><\/strong>b) Register of members <br>c) Register of creditors<\/p>\n\n\n\n<p><strong>9) A company which issues prospectus or invites more than 500 persons to buy its debenture has to appoint _____.<\/strong><br>a) Register of companies <br>b) Debenture holders <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">c) Debenture trustees<\/mark><\/strong><\/p>\n\n\n\n<p><strong>10) The contract between company and Debenture trustees of companies is called as _____<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Debenture trust deed <br><\/mark><\/strong>b) Letter of offer <br>c) Prospectus<\/p>\n\n\n\n<p><strong>11) Procedure for allotment of Debenture should be completed within _____ from the date of receipt of applications.<\/strong><br>a) 6 months <br>b) 3 months <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">c) 60 days<\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-4-Exercise-1024x576.jpg\" alt=\"12th SP Chapter 4 Exercise\" class=\"wp-image-6211 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-4-Exercise-1024x576.jpg 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-4-Exercise-300x169.jpg 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-4-Exercise-768x432.jpg 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-4-Exercise-1536x864.jpg 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-4-Exercise-640x360.jpg 640w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-4-Exercise.jpg 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_B_Match_the_pairs\"><\/span>Q.1 B) Match the pairs.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group A<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group B<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">a) Debenture Trustees<\/td><td class=\"has-text-align-center\" data-align=\"center\">1) Power to issue debentures<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">b) Debenture holders<\/td><td class=\"has-text-align-center\" data-align=\"center\">2) Protects interest of shareholders<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">c) Charge on assets<\/td><td class=\"has-text-align-center\" data-align=\"center\">3) Secured debentures<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">d) Board of Directors<\/td><td class=\"has-text-align-center\" data-align=\"center\">4) NCLT<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">e) Debenture certificate<\/td><td class=\"has-text-align-center\" data-align=\"center\">5) No voting rights<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">6) Unsecured debentures<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">7) Protects interest of debenture holders<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">8) Voting rights<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">9) Proof of ownership of shares<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">10) Issued within 6 months of allotment of debentures<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Answers.   <br><\/strong>a. 7) Protects interest of debenture holders<br>b. 5) No voting rights<br>c. 3) Secured debentures<br>d. 1) Power to issue debentures<br>e. 10) Issued within 6 months of allotment of debentures<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_C_Write_a_word_or_a_term_or_a_phrase_which_can_substitute_each_of_the_following_statements\"><\/span>Q.1 C) Write a word or a term or a phrase which can substitute each of the following statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Type of resolution needed to issue convertible debentures.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Special Resolution<\/span><\/p>\n\n\n\n<p><strong>2) Account to be created for redemption of debentures.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Debenture Redemption Reserve<\/span><\/p>\n\n\n\n<p><strong>3) Institution appointed by company to protect the interest of debenture holders.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Debenture Trustees<\/span><\/p>\n\n\n\n<p><strong>4) Period within which secured debentures should be redeemed.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: 10 years<\/span><\/p>\n\n\n\n<p><strong>5) Type of debentures on which company has to create a charge on its assets.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Secured Debentures<\/span><\/p>\n\n\n\n<p><strong>6) The document which contains terms and conditions agreed upon by the company and the Debenture trustees.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Debenture Trust Deed<\/span><\/p>\n\n\n\n<p><strong>7) Time period within which the procedure for allotment of debenture is to be completed from the date of receipt of applications.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: 60 days<\/span><\/p>\n\n\n\n<p><strong>8) Period within which debenture certificate must be issued by a company.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: 6 Months from allotment of debentures<\/span><\/p>\n\n\n\n<p><strong>9) Institution which redresses grievances of debenture holders.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Debenture Trutees <\/span><\/p>\n\n\n\n<p><strong>10) Authority which has power to issue debentures.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Board of Directors<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_D_State_whether_the_following_statements_are_true_or_false\"><\/span>Q.1 D) State whether the following statements are true or false.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Debenture holders have no voting rights..<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>2) Company cannot issue non-convertible debentures.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>3) Special Resolution is needed to issue convertible debentures.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>4) Debentures holders are paid interest.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>5) Debenture Trustees can not approach NCLT to redress grievances of debenture holders.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>6) All secured debentures should be redeemed within 20 years from date of its issue.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>7) Company has to create a charge on its assets when it issues secured debentures.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>8) Debenture trustees are appointed to protect the interest of shareholders.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>9) Debenture certificate is issued within 6 six months of allotment of debentures.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>10) After allotment of Debentures their names are entered in the register of members.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_E_Find_the_odd_one\"><\/span>Q.1 E) Find the odd one.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) Debenture holders, Interest, <strong><span class=\"has-inline-color has-vivid-purple-color\">Dividend<\/span><\/strong>.<\/p>\n\n\n\n<p>2) Debenture Trustees, <span class=\"has-inline-color has-vivid-purple-color\"><strong>Court<\/strong><\/span>, NCLT.<\/p>\n\n\n\n<p>3) Secured Debentures, Convertible debentures, <strong><span class=\"has-inline-color has-vivid-purple-color\">Irredeemable debentures<\/span><\/strong>.<\/p>\n\n\n\n<p>4) Debenture trustees, Trust Deed, <strong><span class=\"has-inline-color has-vivid-purple-color\">Shareholders.<\/span><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_F_Complete_the_sentences\"><\/span>Q.1 F) Complete the sentences.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) A legal instrument conveying the assets of a company to the Debenture trustees is called <strong><span style=\"text-decoration: underline;\">Debenture Trust Deed.<\/span><\/strong><\/p>\n\n\n\n<p>2) To protect the interest of Debenture holders, a company appoints <strong><span style=\"text-decoration: underline;\">Debenture Trustee<\/span><\/strong>.<\/p>\n\n\n\n<p>3) On receipt of application and money, the procedure for allotment of debentures should be completed within <strong><span style=\"text-decoration: underline;\">60 days<\/span><\/strong>.<\/p>\n\n\n\n<p>4) Authority to create charge on company\u2019s assets is with the <strong><span style=\"text-decoration: underline;\">Board of Directors<\/span><\/strong>.<\/p>\n\n\n\n<p>5) Secured debentures should be redeemed within <strong><span style=\"text-decoration: underline;\">10 years from date of its issue<\/span><\/strong>.<\/p>\n\n\n\n<p>6) To stop a company from incurring further liabilities, the Debenture trustee can approach <strong><span style=\"text-decoration: underline;\">NCLT<\/span><\/strong>.<\/p>\n\n\n\n<p>7) A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint <strong><span style=\"text-decoration: underline;\">Debenture Trustee<\/span><\/strong>.<\/p>\n\n\n\n<p>8) Return on investment on debenture is called <strong><span style=\"text-decoration: underline;\">Interest<\/span><\/strong>.<\/p>\n\n\n\n<p>9) For public issue of debentures of Rs 100 crores, minimum subscription should be <strong><span style=\"text-decoration: underline;\">75% of the issue<\/span><\/strong>.<\/p>\n\n\n\n<p>10) For public issue or rights issue of convertible debentures, as per SEBI, a company must obtain <strong><span style=\"text-decoration: underline;\">Credit rating<\/span><\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_G_Select_the_correct_option_from_the_bracket\"><\/span>Q.1 G) Select the correct option from the bracket.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group A<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group B<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">a) Debenture Trustees<\/td><td class=\"has-text-align-center\" data-align=\"center\">1) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Trust deed<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">b) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Secured debentures<\/span><\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">2) Charge on assets<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">c) Register of Debenture<\/td><td class=\"has-text-align-center\" data-align=\"center\">3) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Names of debenture holders<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"text-decoration: underline;\">d) <span class=\"has-inline-color has-vivid-purple-color\">Issued within 6 months of allotment<\/span><\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">4) Debenture certificate<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">e) No voting rights<\/td><td class=\"has-text-align-center\" data-align=\"center\">5) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Debenture holders<\/span><\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_H_Answer_in_one_sentence\"><\/span>Q.1 H) Answer in one sentence.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Who are debenture holders?<\/strong><br>Answer: Debenture holders are creditors of the company.<\/p>\n\n\n\n<p><strong>2) What do debenture holders receive as return on investment?<br><\/strong>Answer: <strong>Debenture holders receive interest as return on investment<\/strong><\/p>\n\n\n\n<p><strong>3) Whom does the company appoint to protect the interest of debenture holders?<br><\/strong>Answer: The company appoints debenture trustee to protect the interest of debenture holders<\/p>\n\n\n\n<p><strong>4) Within what period should secured debentures be redeemed?<br><\/strong>Answer: Secured debentures should be redeemed within 10 years from the date of its issue.<\/p>\n\n\n\n<p><strong>5) Name the document which is an agreement between the debenture trustee and company.<br><\/strong>Answer: An agreement between the debenture trustee and company is called as Trust Deed. <\/p>\n\n\n\n<p><strong>6) Who has the authority to create charge on assets of a company?<\/strong><br>Answer: The Board of Directors has the authority to create charge on assets of a company.<\/p>\n\n\n\n<p><strong>7) Name the meeting in which approval for increasing the borrowing powers of Board of Diectors is passed.<\/strong><br>Answer: The meeting in which approval for increasing the borrowing powers of Board of Diectors is passed is known as Extra-Ordinary General Meeting.<\/p>\n\n\n\n<p><strong>8) Within what period should the debenture certificate be issued?<br><\/strong>Answer: A debenture certificate should be issued within 6 months from the date of its allotment.<\/p>\n\n\n\n<p><strong>9) What is the minimum subscription that a company must collect for an issue of debentures of Rs 100 crores?<\/strong><br>Answer: Minimum subscription must be at least 75% that a company must collect for an issue of debentures of Rs 100 crores.<\/p>\n\n\n\n<p><strong>10) When should a company appoint a credit rating agency?<br><\/strong>Answer: A company should appoint a credit rating agency before it issues debentures.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_I_Correct_the_underlined_words_and_rewrite_the_following_sentences\"><\/span>Q.1 I) Correct the underlined word\/s and rewrite the following sentences.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) The details of debenture holders are entered in <strong><span style=\"text-decoration: underline;\">Register of Members<\/span><\/strong>.<br>Answer: Register of Debenture holders<\/p>\n\n\n\n<p>2) Secured debentures must be redeemed within <strong><span style=\"text-decoration: underline;\">15 years<\/span><\/strong> from the date of its issue.<br>Answer: 10 Years<\/p>\n\n\n\n<p>3) A company issuing <span style=\"text-decoration: underline;\"><strong>irredeemable<\/strong><\/span> debentures must create a charge on assets of the company.<br>Answer: Secured<\/p>\n\n\n\n<p>4) Return on investment on debentures is <strong><span style=\"text-decoration: underline;\">dividend<\/span><\/strong>.<br>Answer: Interest<\/p>\n\n\n\n<p>5) Debenture Trustees redress the grievances of <strong><span style=\"text-decoration: underline;\">shareholders<\/span><\/strong>.<br>Answer: Debenture holders<\/p>\n\n\n\n<p>6) Debenture certificates are issued within <strong><span style=\"text-decoration: underline;\">3 months <\/span><\/strong>of allotment of debentures.<br>Answer: 6 months<\/p>\n\n\n\n<p>7) Procedure for allotment of debentures should be completed within <strong><span style=\"text-decoration: underline;\">90 days<\/span><\/strong> from date of receipt of applications.<br>Answer: 60 days<\/p>\n\n\n\n<p>8) To rate its debentures a company appoints <strong><span style=\"text-decoration: underline;\">underwriters<\/span><\/strong>.<br>Answer: credit rating agency<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_J_Arrange_in_proper_order\"><\/span>Q.1 J) Arrange in proper order<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1)  <br>a. Obtain Credit Rating.<br>b. Entry in register of debenture<br>c. Receive application with money<br><strong>Answer:<\/strong> (a) Obtain Credit Rating  (c) Receive application with money  (b) Entry in register of debenture<\/p>\n\n\n\n<p>2) <br>a. Issue debenture certificate<br>b. Issue prospectus<br>c. Open bank Account<br><strong>Answer:<\/strong> (b) Issue prospectus  (c) Open bank Account  (a) Issue debenture certificate<\/p>\n\n\n\n<p>3)<br>a. Hold Board Meeting for allotment<br>b. Issue debenture certificate<br>c. Receive application with money<br><strong>Answer:<\/strong> (c) Receive application with money  (a) Hold Board Meeting for allotment  (b) Issue debenture certificate<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q2_Explain_the_following_termsconcepts\"><\/span>Q.2 Explain the following terms\/concepts.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">1) Debenture certificate:<\/span><\/strong><br><strong>Answer:<\/strong> A debenture certificate is a certificate given to the debenture holders. It certifies that the holder is the creditor of the company to the limit of the number of debentures. <br>The company has to issue a Debenture certificate to the debenture holders within 6 months of allotment of Debentures. A debenture certificate is prepared by the secretary, signed by at least two directors and issue under common seal.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2) Debenture trustee<\/strong>:<\/mark><br><strong>Answer: <\/strong>A company that issues prospectuses or invites more than 500 persons to buy its debentures has to appoint one or more Debenture Trustees. Companies issuing secured debentures also must appoint Debentures Trustees.<br>Debentures Trustees are institutions that protect the interest of the debenture holders.<br>Debenture Trustees are appointed before prospectus or letter of offer\/offer letter is issued or within 60 days after the allotment of debenture.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">3) Charge on assets: <br><\/span>Answer:<\/strong> The company has to create a charge on the assets of the company or its subsidiary company or holding company. <br>The value of charge should be adequate to cover the entire value of debentures issued and interest to be paid on it. <br>If a Government company issues secured debentures which has Central or State Government\u2019s guarantee, then it need not create any charge on its assets.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">4) Debenture trust deed:<\/span><\/strong><br><strong>Answer:<\/strong> Company enters into a contract with one or more Debenture Trustees. The terms and conditions of the agreement is written in the Debenture Trust Deed. It is a legal instrument conveying the assets of a company to the Trustees.<br>The Deed also defines the rights of debenture holders and the duties and powers of Debenture Trustees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q3_Study_the_following_case_situation_and_express_your_opinion\"><\/span>Q.3 Study the following case \/ situation and express your opinion.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>(1) Rose limited company proposes to issue debenture to the public to raise funds. After discussions, the Board of directors has decided to issue secured, Redeemable non-convertible debentures with a tenure of Ten years. Please advise the board on the following matters :<\/strong><\/mark><\/p>\n\n\n\n<p><strong>a) Should the company appoint Debenture trustee?<\/strong><br><strong>Answer:<\/strong> Yes, the company should appoint debenture trustee as it is mendatory to appoint trustee as and when company decides to issue secured debentures.<\/p>\n\n\n\n<p><strong>b) Should the company create a charge on its assets?<\/strong><br><strong>Answer: <\/strong>All secured debentures are to be secured by creating charge over assets and therefore company should create charge over assets.<\/p>\n\n\n\n<p><strong>c) Can the tenure of debentures be less than ten years?<\/strong><br><strong>Answer:<\/strong> Yes, the tenure of debentures can be less than ten years.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">(2) Violet Ltd. company plans to raise Rs 10 crores by issuing debentures. The Board of Directors have some queries. Please advise them on the following:<\/span><\/strong><\/p>\n\n\n\n<p><strong>a) Can the company issue unsecured debentures?<\/strong><br><strong>Answer:<\/strong> No, Only private ltd company can issue unsecured debentures and not a public limited company.<\/p>\n\n\n\n<p><strong>b) Can they issue irredeemable debentures?<\/strong><br><strong>Answer:<\/strong> No, A company cannot issue irredeemable debentures as such debentures are not giving undertaking to repay.<\/p>\n\n\n\n<p><strong>c) As the company is offering debentures to its members, can such debentures have normal voting rights<\/strong>?<br>Answer: Debenture holders are the creditors of the company, therefore they do not have normal voting rights.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">(3) DDS financial plans to raise Rs 10 crores by issuing secured, Non-convertible debentures. However, as per the Articles of Association, the board of directors have authority only to raise upto 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following<\/span>:<\/strong><\/p>\n\n\n\n<p><strong>a) What can be the maximum tenure of the debentures to be issued?<\/strong><br><strong>Answer:<\/strong> The debentures can be issued for maximum tenure of 10 years.<\/p>\n\n\n\n<p><strong>b) Is the proposed issue within the borrowing powers of the board?<br>Answer:<\/strong> No, The proposed issue is not within the borrowing powers of the board, because articles of association permits only upto Rs 5 Crore.<\/p>\n\n\n\n<p><strong>c) Within what period should company issue Debenture certificate?<\/strong><br><strong>Answer:<\/strong> They must issue a share certificate within 6 months of allotment of debentures.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q4_Answer_in_brief\"><\/span>Q.4 Answer in brief.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">1. State any four provisions of Companies Act 2013 for issue of debentures<\/span><\/strong>.<\/p>\n\n\n\n<p><strong>Answer:<\/strong> The following are some of the provisions of the Act which a company has to comply while issuing <a href=\"https:\/\/en.wikipedia.org\/wiki\/Debenture\" data-type=\"URL\" data-id=\"https:\/\/en.wikipedia.org\/wiki\/Debenture\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"has-inline-color has-vivid-red-color\">debentures<\/span><\/a>:<\/p>\n\n\n\n<p><strong>1) No voting rights<\/strong>:<\/p>\n\n\n\n<p>A company cannot issue debentures with voting rights. Debenture holders are creditors of the company and so they do not have any voting rights except in matters affecting them.<\/p>\n\n\n\n<p><strong>2) Types of Debentures:<\/strong><\/p>\n\n\n\n<p>A company can issue secured or unsecured debentures and fully or partly convertible debentures or non-convertible debentures. To issue convertible debentures, a Special Resolution has to be passed in the General Meeting. All debentures are redeemable in nature.<\/p>\n\n\n\n<p><strong>3) Payment of interest and redemption:<\/strong><\/p>\n\n\n\n<p>A company shall redeem the debentures and pay interest as per the terms and conditions of their issue.<\/p>\n\n\n\n<p><strong>4) Debenture Certificate<\/strong>:<\/p>\n\n\n\n<p>Company has to issue Debenture certificate to the debenture holders within 6 months of allotment of Debentures.<\/p>\n\n\n\n<p><strong>5) Create Debenture Redemption Reserve<\/strong>:<\/p>\n\n\n\n<p>The company has to create a Debenture Redemption Reserve account out of profits of the company available for payment of dividend. This money can be used only for redemption of debentures. As per companies (Share Capital and Debentures) Amendment Rules 2019, MCA has removed Debenture Redemption Reserve requirement for Listed companies, NBFCs, and Housing Finance Companies.<\/p>\n\n\n\n<p><strong>6) Appoint of Debenture Trustees<\/strong>:<\/p>\n\n\n\n<p>If the company issues prospectus or invites more than 500 people, (either to Public or its Member) company has to appoint one or more Debenture Trustees. Debenture trustees protect the interest of the debenture holders. Company has to appoint trustees by entering into a contract with them called as Debenture Trust Deed.<\/p>\n\n\n\n<p><strong>7) Debentures Trustees can approach NCLT<\/strong>:<\/p>\n\n\n\n<p>Debenture Trustees have to redress the grievances of debenture holders. If the company defaults in repaying the principal amount, on maturity or defaults in paying interest thereon, the Debenture Trustees can approach the National Company Law Tribunal for redressal. NCLT can direct a defaulting company to repay the principal amount or interest.<\/p>\n\n\n\n<p><strong>8) Impose restrictions:<\/strong><\/p>\n\n\n\n<p>When the Debenture Trustee is of the opinion that the assets of the company are insufficient or likely to become insufficient to redeem the principal amount of debentures, it may approach the NCLT.<\/p>\n\n\n\n<p><strong>9)<\/strong> <strong>Punishment for contravention of provisions of the Companies Act:<\/strong><\/p>\n\n\n\n<p>If the company fails to comply with any provisions of the Act, then the company and its officers shall be liable to pay a fine or imprisonment or both as prescribed in the Act.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2. What is debenture trust deed?<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) Company enters into a contract with one or more Debenture Trustees.<br>b) The terms and conditions of the agreement is written in the Debenture Trust Deed.<br>c) It is a legal instrument conveying the assets of a company to the Trustees.<br>d) The Deed also defines the rights of debenture holders and the duties and powers of Debenture Trustees.<br>e) Company has to execute the Deed within 3 months of closure of the issue.<br>f) Members as well as debenture holders can inspect the deed and also get a copy of it by paying a certain fee.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">3. Who are debenture trustees?<\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) Debentures Trustees are institutions that protect the interest of the debenture holders.<\/p>\n\n\n\n<p>b) A company that issues prospectuses or invites more than 500 persons to buy its debentures has to appoint one or more Debenture Trustees.<\/p>\n\n\n\n<p>c) Companies issuing secured debentures also must appoint Debentures Trustees.<\/p>\n\n\n\n<p>d) The company creates a charge on its movable or immovable assets or assets of its subsidiary company or holding company.<\/p>\n\n\n\n<p>e) Charge is created in favour of the Debenture Trustees. The Trustees become the custodian of the assets on which charge has been created.<\/p>\n\n\n\n<p>f) Debenture Trustees is appointed before prospectus or letter of offer\/offer letter is issued or within 60 days after the allotment of debenture.<\/p>\n\n\n\n<p>g) The Trustees must give written consent to act as Debenture Trustees. The prospectus or letter of offer\/offer letter must mention the names of Debenture Trustees.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q5_Justify_the_following_statements\"><\/span>Q.5 Justify the following statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>1. A company has to create charge on its assets for issuing secured debentures.<br><\/strong><\/mark><strong>Answer:<\/strong> <br>a) A company has to create charge on its assets for issuing secured debentures that can be justified by following points.<br>b) Company has to create a charge on the assets of the company or its subsidiary company or holding company.<br>c) The value of charge should be adequate to cover the entire value of debentures issued and interest to be paid on it.<br>d) If a Government company issues secured debentures which has Central or State Government\u2019s guarantee,<br>then it need not create any charge on its assets.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">2. Debenture trustees is appointed by a company issuing debentures.<br><\/mark>Answer: <\/strong><br>a) Debentures Trustees are institutions that protect the interest of the debenture holders.<br>b) The company creates a charge on its movable or immovable assets or assets of its subsidiary company<br>or holding company.<br>c) Charge is created in favour of the Debenture Trustees. The Trustees become the custodian of the assets on which charge has been created.<br>d) A company that issues prospectuses or invites more than 500 persons to buy its debentures<br>has to appoint one or more Debenture Trustees.<br>Thus, it is rightly justified that, Debenture trustees is appointed by a company issuing debentures<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">3. A company can issue only certain types of debentures.<\/span><\/strong><br><strong>Answer:<\/strong> <br>a) Companies can issue secured or unsecured debentures, Non-convertible Debentures or convertible debentures either fully or partially convertible or redeemable debentures<br>b) Debentures can be listed on stock exchanges.<br>c) The board of directors have the authority to issue debenture. All debentures are redeemable i.e, have to be repaid.<br>d) Company can issue debentures to its members, public or make private placement.<br>e) Thus it is rightly justified that, A company can issue only certain types of debentures.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q6_Answer_the_following_questions\"><\/span>Q.6 Answer the following questions.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">1)  Briefly explain the provisions of Companies Act, 2013 for issue of debentures. <br><\/span>Answer:<\/strong> For answer refer to Q.No 4 (1) .<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">2. Explain briefly the procedure for issue of debentures.<\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> The following is the procedure to be followed by a company issuing debentures<\/p>\n\n\n\n<p><strong>1) Pass resolution in Board Meeting<\/strong>:<\/p>\n\n\n\n<p>In the Board Meeting following resolution will have to be passed :<br>i) Amount and type of debentures to be issued and the terms and conditions for issue.<br>ii) Approve prospectus or offer letter or letter of offer.<br>iii) Approve appointment of Debenture Trustees and get their written consent.<br>iv) Authorize Board to create charge on assets of the company.<br>v) Call Extra-ordinary General Meeting if the Board\u2019s borrowing powers need to be increased.<br>vi) Authorizes Board to open a separate bank account for receiving money from applicants.<\/p>\n\n\n\n<p><strong>2) Hold Extra-ordinary General Meeting (EGM)<\/strong>:<\/p>\n\n\n\n<p>If the borrowing powers of the Board are to be increased, EGM must be held to get the shareholders\u2019 approval through a Special Resolution.<\/p>\n\n\n\n<p><strong>3) Filing with Registrar of Companies<\/strong>:<\/p>\n\n\n\n<p>The Secretary has to file the Special resolution and copy of Prospectus, offer letter \/ Letter of offer with Registrar of Companies within 30 days of Board Meeting.<\/p>\n\n\n\n<p><strong>4) Obtain Credit Rating<\/strong>:<\/p>\n\n\n\n<p>The company gets its debentures rated by one or more Credit Rating Agencies. The ratings must be mentioned in the prospectus\/offer letter\/Letter of offer.<\/p>\n\n\n\n<p><strong>5) Enter into underwriting agreement<\/strong>:<\/p>\n\n\n\n<p>The company enters into an underwriting agreement for underwriting its debenture issue.<\/p>\n\n\n\n<p><strong>6) Issue prospectus\/letter of offer\/offer letter<\/strong>:<\/p>\n\n\n\n<p>The company issues prospectus if it is inviting the public to buy its debentures. Offer Letter is issued if a company makes private placement and Letter of offer for Rights Issue.<\/p>\n\n\n\n<p><strong>7) Open Separate Bank Account<\/strong>:<\/p>\n\n\n\n<p>The company opens a separate bank account in a scheduled Bank to receive the money from the applicants.<\/p>\n\n\n\n<p><strong>8) Receiving application money:<\/strong><\/p>\n\n\n\n<p>Subscribers will submit their application along with the required amount to the specified bank within the time period mentioned in the prospectus or letter of offer \/ Offer Letter.<\/p>\n\n\n\n<p><strong>9) Hold Board Meeting<\/strong>:<\/p>\n\n\n\n<p>After the issue closes, a Board Meeting is held to decide and approve allotment of debentures. The board also approves creation of charges on the company\u2019s assets.<\/p>\n\n\n\n<p><strong>10) Issue of Debenture certificate:<\/strong><\/p>\n\n\n\n<p>The allotment procedure has to be completed within 60 days from the receipt of application money. Company has to issue Debenture certificate within 6 months of allotment of debentures.<\/p>\n\n\n\n<p><strong>11) Make entries in Register of Debenture holders<\/strong>:<\/p>\n\n\n\n<p>The Secretary must make entries in the Register of Debenture holders within 7 days after the Board approves allotment. However, if debentures are issued in demat form, company does not maintain the Register of Debenture holders.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"12th_Commerce_SP_Textbook_Solution\"><\/span>12th Commerce SP Textbook Solution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Chapter Name <\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\">1) Introduction to Corporate Finance<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\">2) Sources of Corporate Finance<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\">3) Issue of Shares<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\">4) Issue of Debentures<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\">5) Deposits<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\">6) Correspondence with Members<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\">7) Correspondence with Debentureholders<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\">8) Correspondence with Depositors<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\">9) Depository System<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\">10) Dividend Interest<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\">11) Financial Market<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\">12) Stock Exchange<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"Check_out_other_posts_related_to_the_12th_Commerce\"><\/span>Check out other posts related to the 12th Commerce<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.youtube.com\/@Scholarszilla\" data-type=\"link\" data-id=\"https:\/\/www.youtube.com\/@Scholarszilla\" target=\"_blank\" rel=\"noopener\">12th Commerce Video Lectures<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\">Textbook Solutions of 12th Commerce (All Subjects)<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/ebalbharti-12th-books-pdf\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/ebalbharti-12th-books-pdf\/\"> Free PDF of 12th Commerce Textbooks <\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/hsc-it-online-exam\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/hsc-it-online-exam\/\">12th Commerce IT MCQ Preparation (Online Test)<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/new-paper-pattern-of-12th-commerce\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/new-paper-pattern-of-12th-commerce\/\"> Free PDF of 12th Commerce Textbooks <\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/sample-question-paper-for-12th-commerce\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/sample-question-paper-for-12th-commerce\/\">Sample Paper of 12th Commerce for Practice PDF<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-navneet-practice-papers-pdf\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-navneet-practice-papers-pdf\/\">PDF of Solved Sample papers of 12th Commerce to improve Paper Presentation<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/hsc-previous-year-question-paper\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/hsc-previous-year-question-paper\/\">Old Question Papers of 12th Commerce with solution (All Subjects)<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":6211,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[2472],"class_list":["post-6129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hsc-maharashtra-board","tag-12th-sp-chapter-4-exercise"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/6129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=6129"}],"version-history":[{"count":21,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/6129\/revisions"}],"predecessor-version":[{"id":39322,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/6129\/revisions\/39322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/6211"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=6129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=6129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=6129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}