are as follows:

are as follows: . It is issued by the Company in the form of a certificate under the common seal. . Debenture holders are the creditors of the company . Debentures carry a fixed rate of interest. . Debenture is redeemed after a fixed period of time. . Debentures may be either secured or unsecured. . Interest payable on a debenture is a charge against profit and hence it is a tax deductible expenditure. . Debenture holders do not enjoy any voting right. . Interest on debenture is payable even if there is a loss.