A photocopy of the Fixed Deposit Receipt may also be sent with the form. You have to represent to the Company Law Board of the region within which the registered office of the defaulting company is located. Southern Region Bench, Block 1, Shastri Bhawan, 26,Haddows Road, Chennai 600 001. However, CLB has no jursidction at present, in case the defaulting company is a finance company. A Debenture is a document, which either acknowledges or creates a debt.
Debentures hold an important position in the overall capital structure of most companies.
Whereas equity and preference capital represents owner s funds, debentures represent borrowed funds. Debentures are fully secured. They may carry a buy-back option given by the company. The debentures of most companies are listed on stock-exchange to ensure liquidity. Interest earned from debentures is fully taxable.