DEBENTURE SUBSCRIPTION AGREEMENT THIS AGREEMENT made at Mumbai on this day of ________, in the year Two Thousand Twelve between ______________ LIMITED a Company incorporated and registered under the Companies Act, 1956, and having its Registered Office at _________________________________________________________________________ .,(hereinafter referred to as “the Company”) which expression shall, unless it be repugnant to the subject or context thereof, mean and include its successors and assigns) of THE ONE PART; A N D ______________________, having its registered office at ____________________, in its capacity as a Trustee of _______________________FUND, constituted as an revocable Trust under the Indian Trusts Act, 1882 (hereinafter referred to as “FUND”, which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of THE OTHER PART. ARTICLE-I 1.1 Wherever used in this Agreement, unless the context otherwise requires, the following terms shall have the following meanings :- a) “Act” means Companies Act, 1956 (1 of 1956) and shall include any statutory modifications thereto or any re-enactment thereof. b) “Debentures” means _____% Redeemable Non-Convertible Debentures to be issued by the Company to FUND on private placement basis. c) “Debenture Holders” means FUND and shall include its successors and assigns. ARTICLE-II AGREEMENT AND TERMS OF ISSUE OF DEBENTURES 2.1 AMOUNT OF DEBENTURES TO BE ISSUED The Company agrees to issue to FUND and FUND agrees to subscribe to the Company’s Debentures of the face value of Rs.100/- each aggregating to Rs.__________________/-(Rupees ______________________ Crores only) (hereinafter referred to as “the Debentures”) on the terms and conditions contained in FUND’s letter dated ___________________and also on the terms and conditions contained herein. 2.2 NO DEFAULT CERTIFICATE Before subscription to the said Debentures, the Company shall furnish to FUND a certificate from its Auditors that the Company is not in default with any Financial Institutions/Banks. 2.3 ALLOTMENT OF DEBENTURES : The Debentures shall be allotted by the Company immediately on receipt of subscription monies from FUND by issue of allotment letter to FUND to that effect. 2.4 DEBENTURE CERTIFICATES : The Company shall issue Debenture Certificate/s to FUND after making necessary compliance with the provisions of Section 113 (1) of the Companies Act, 1956 read with the Companies (Issue of Share Certificates) Rules, 1960. 2.5 STAMP DUTY…

User Comments

Sandeep Ramankutty  17 Apr 2023 10:23pm
Downloaded this debenture subscription agreement. Elaborate and conclusive. Thank you Shuchi Upadhyay and Soolegal
Mithilesh   28 Jan 2023 8:14pm
Thank you Shuchi Upadhyay. I have downloaded this document and its extremely useful and well drafted.


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