06-20-2011, 08:57 PM
thanx for ur both replies ali akbar
in this sub-section i just want to know what is referred in this statement (or unless the debentures have been redeemed in pursuance of any obligation on the company so to do, not being an obligation enforceable only by the person to whom the redeemed debentures were issued or his assigns)?
1st obligation on the Co. means (to me) that unless the debentures are redeemed in acc. with the obligation created by the Co.(e.g, the Co. issued debentures and said that these debentures will be redeemed after 6 months (after 6 months it is obligation of the Co to redeem that debenture; m i correct?)
2nd what is meant by "not being an obligation enforceable only by the person............ or his assigns?"
what are the obligations and what is the nature of those obligations that are enforceable by "persons" other than the person mentioned above?
thnx..
in this sub-section i just want to know what is referred in this statement (or unless the debentures have been redeemed in pursuance of any obligation on the company so to do, not being an obligation enforceable only by the person to whom the redeemed debentures were issued or his assigns)?
1st obligation on the Co. means (to me) that unless the debentures are redeemed in acc. with the obligation created by the Co.(e.g, the Co. issued debentures and said that these debentures will be redeemed after 6 months (after 6 months it is obligation of the Co to redeem that debenture; m i correct?)
2nd what is meant by "not being an obligation enforceable only by the person............ or his assigns?"
what are the obligations and what is the nature of those obligations that are enforceable by "persons" other than the person mentioned above?
thnx..
