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. A debenture is thus like a certificate of loan or a loan bond evidencing the fact that the company is liable to pay a specified amount with interest.
ADV. K.K VIJAYAKUMAR
Ist Floor Park City Residency
Ist Avenue Ayyanthole, Thrissur
The subordinated debt will constitute, direct, unsecured and subordinated obligation of the Company subordinated to the claim of all other creditors and also depositors of the Company as regards repayment of principal and payment of interest by the Company from out of its own funds. Period of the subordinated debt will be 5 years minimum or as decided by the Board of Directors from time to time. Other applicable conditions will be updated as and when the products are available.
- Proper KYC required
- PAN card compulsory
- Amount should be in Cheque or DD
- RTGS/ NEFT allowed
- TDS will be deducted if applicable