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Why debentures are not forfeited?

Updated: 9/20/2023
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11y ago

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debenture is a loan to company and its face value will be higher moreover it carries fixed interest which is charge against profits.so there is no chance from the side of debenture holder for non payment of calls after repeated notices from the company. from the view point of company it cannot forfiet a debenture and treat it as a capital profit because they are not owners is this explanation coreect for that question?

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11y ago
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Q: Why debentures are not forfeited?
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