2/3/2010 Matters relating to debentures ·Issuing debentures ·Public issues: Private companies:s 29 Prospectus provisions in CO "Dual prospectus"structure-program and issue prospectus:s 39B and 21st Schedule ·Listing Rules Application of SFO:debentures as "securities" Matters relating to debentures Register of debenture holders:s 74A Inspection of register:s 75 Trustee for debenture holders Meetings of debenture holders:s 75A Majority power and modification of terms of debentures:British American Nickel Corp Ltd v M JO'Brien Ltd [1927]AC 369(PC) Enforcement of contract to take debentures:s 78 32/3/2010 3 5 Matters relating to debentures • Issuing debentures • Public issues: • Private companies: s 29 • Prospectus provisions in CO • “Dual prospectus” structure - program and issue prospectus: s 39B and 21st Schedule • Listing Rules • Application of SFO: debentures as “securities” 6 Matters relating to debentures • Register of debenture holders: s 74A • Inspection of register: s 75 • Trustee for debenture holders • Meetings of debenture holders: s 75A • Majority power and modification of terms of debentures: British American Nickel Corp Ltd v M J O’Brien Ltd [1927] AC 369 (PC) • Enforcement of contract to take debentures: s 78