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Debentures |
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a person holding the shares is called
shareholder. |
A person having the debentures is
called debenture holder |
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a shareholder is the owner of the
company |
Debenture holder is a creditor of the
company and cannot take part in the management of the company |
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Shares cannot be converted into
debentures |
debentures can be converted into
shares. |
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shares at discount can be issued only
after observing certain legal formalities. |
There are no restriction on issue of
debentures at a discount |
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shares convertible into debentures
cannot be issued. |
Convertible debentures which can be
converted into shares at the option of debenture holder can be issued |
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there can be no mortgage shares. |
There can be mortgage debentures |