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Section 34
Debenture raising
: (1) If a public company deems it necessary to raise debt or debenture, it may raise debt or debenture with or without pledging the immovable assets of the company after determining the reason for the same, the work plan to be completed and the necessary budget for the same. But the debenture cannot be raised until the issued capital is fully paid after taking the approval to start the business.
(2) Regardless of what is written in the prevailing law, the company subject to sub-section (1) may raise other debts or debentures by keeping the same security until the end of the security written by the previous creditors and the bag.
(3) Regardless of what is written in the current law, the terms, conditions and interest of the loan taken or given by the company shall be in accordance with the document or agreement between the creditor and the defendant.
(4) If the company collects loans or debentures as per sub-section (1) or (2), it shall give the information to the office along with the reason thereof.