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Replace Signature in the Debenture

Replace Signature in the Debenture

Aug 6th, 2022

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How to Replace Signature in the Debenture

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To change a signature on official documents, the individual must draft an affidavit that includes both the old and new signatures. As of December 2019, anyone is free to change their signature at any time, but it is essential to inform the competent authority about the change. The new signature should also be updated in identity documents to avoid any mismatch. Multiple signatures are legally acceptable, as each serves the purpose of establishing the signer’s identity and ensuring authenticity. It’s only necessary to submit the signatures recognized by the authority.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Who takes debentures?

Debentures are issued by companies to raise money to sponsor their growth and operations. Investors buy these debentures and earn regular interest. The debentures can also be issued at a discount or par. Upon the expiry, the issuing company will repay the principal amount.

How is a debenture enforced?

How does a debenture holder enforce their security? A debenture holder has the right to appoint an Administrator to take control of the company if it defaults on the loan. This follows the lender calling in the loan for repayment.

Who issues debentures?

Corporations and governments can issue debentures. Governments typically issue long-term bondsthose with maturities of longer than 10 years. Considered low-risk investments, these government bonds have the backing of the government issuer. Corporations also use debentures as long-term loans.

What is an agreement that documents a debenture?

Thus, a Debenture is a written agreement between a lender and a borrower that records the details of the parties to the loan and sets out the charges the lender will have i.e. fixed and/or floating charges over the assets of the company.

What is the person who holds debenture called?

The correct option is B. Creditors. Debenture holders are creditors.

Who executes a debenture?

A debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified rate and also carrying an interest. It is one of the methods of raising the loan capital of the company.

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