A private Company issuing 1%debenture to group companies by creating second charge on all assets of company. These are issued to 2 companies.Regarding this Please clarify:--
It is mandatory to appoint debenture trustee thereby creating trust deed?
Is it required to convene General Meeting? as issue of debentures is the power of Board u/s 179.
Is there any boundation to keep the interest rate minimum to bank rate?
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