Companies Act, 1973 (Act No. 61 of 1973)Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for SaleDebentures116. Creation and issue of debentures |
A company, if so authorised by its memorandum or by its articles, may create and issue secured or unsecured debentures.