As per subsection 30 of section 2 of Companies Act, 2013, debenture includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not.
- Instruments of Debt executed by the company.
- A Certificate of Loan.
- Company pays pre specified percentage of interest.
Apart from the Companies Act, 2013, debenture issue is regulated by SEBI and RBI Regulations. Debentures issues by companies which wants to get the debentures listed are also required to comply with debt listing agreements.