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Structural division: books › party › CHAPTER SIX
Article 413 — Contents of Debenture Certificate
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
A debenture certificate shall contain the following particulars:
1/ the company`s name, its objects, the head office of the company and place where the company was registered in a commercial register;
2/ when the company was formed and for how long;
3/ the paid-up capital on the date of issue of debenture;
4/ the date of resolution of the general meeting to issue debentures and its entry in the commercial register;
5/ the serial number and nominal value of the certificate, the rate and date of interest payments and the terms of redemption;
6/ the amount of issue and the special guarantees attaching to the debentures and the date of the deed setting up such guarantees;
7/ the amount of debentures or loan stock issued previously and not amortized, indicating the guarantees attaching thereto;
8/ where appropriate, the period or periods of time within which debenture holders may convert their debentures into shares, and the provisions for such conversion.