P. Raja (Manager Finance & Accounts) (198 Points)
15 February 2010
Dear sir,
Is it compulsory that common seal of the Company be affixed in the Debenture Certificate?
Shall we issue debenture Certificate with out common seal.
Regards
P. Raja 
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 15 February 2010
Dear Raja ji,
Debenture Certificate can be issued in the same manner as Share Certificate. However, the Companies (Issue of Share Certificate) Rules, 1960 do not apply to debentures nor there are separate rules governing issue of debenture certificates. However, the precautions required under those rules in respect of share certificate should be observed in respect of debenture certificates.
Common Seal must be affixed on the Debenture Certificate.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 15 February 2010
Please check your Articles for the exact provisions regarding use of common seal.
CAclubindia
