Section 193 CAMA 2020

Statements to be included in debentures

Every debenture shall include a statement on the following matters—
(a) the principal amount borrowed ;

(b) the maximum discount which may be allowed on the issue or reissue of the debentures, and the maximum premium at which the debentures may be made redeemable ;
(c) the rate of and the dates on which interest on the debentures issued shall be paid and the manner in which payment shall be made ;

(d) the date on which the principal amount shall be repaid or the manner in which redemption shall be effected, whether by the payment of instalments of principal or otherwise ;

(e) in the case of convertible debentures, the date and terms on which the debentures may be converted into shares and the amounts which may be credited as paid up on those shares, and the dates and terms on which the holders may exercise any right to subscribe for shares in respect of the
debentures held by them ; and

(f ) the charges securing the debenture and the conditions subject to which the debenture shall take effect.