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Under this act secured creditors (banks or financial institutions) have many rights for enforcement of security interest under section 13 of SARFAESI Act, 2002. If borrower of financial assistance defaults on repayment of a loan and their account is classified as Non performing Asset by secured creditor, then secured creditor may repossess the ...
The mode of this investment senior was secured non-convertible debentures. [4] In 2015, Century Real Estate has raised INR 1.65 billion through non-convertible debentures to fund a residential development and plotted development. The names of the projects are Century Ethos and Century Eden.
In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note.
A security is a tradable financial asset.The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction.In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition.
The debts may be secured or unsecured. Subordinated loans typically have a lower credit rating , and, therefore, a higher yield than senior debt. A typical example for this would be when a promoter of a company invests money in the form of debt rather than in the form of stock.
Qualified institutional placement (QIP) is a capital-raising tool, primarily used in India and other parts of southern Asia, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares to a qualified institutional buyer (QIB).
At the most basic level, arrangers serve the investment-banking role of raising investor funding for a business in need of capital. In this context the business is often referred to as an “issuer”, because in return for the loan it issues debentures (which are generally secured and transferable).
Initially, the frontline companies collected money from the public by issuing secured debentures and redeemable preferential bonds. [42] Under Indian Securities regulations and section 67 of the Indian Companies Act (1956), a company cannot raise capital from more than 50 people without issuing a proper prospectus and balance sheet.