Section 145, The Companies Act, 2009

(1) Debentures may either be secured by charge over thecompany’s property or may be unsecured by any charge. Enforceability of contract to acquire shares. Re-issue of acquired. Acquisition of shares of holding borrow money, to charge property and to issue Perpetual Convertible Secured and unsecured 98 99 (2) Debentures may be secured by a fixed charge on certain of the company’s property or a floating charge over the whole or a specified part of the company’s undertaking and assets, or by both a fixed charge on certain property and floating charge. (3) A charge securing debentures shall become enforceable on the occurrence of the events as specified in the debentures or the deeds securing the debenture. (4) Where any legal proceedings are brought by a debenture holder to enforce the security of a series of debentures of which he holds part, the debenture holder shall sue in a representative capacity on behalf of himself and all other debenture holders of that series. (5) Where the debentures are secured by charge the provisions of section 170 relating to the registration of particulars of charges shall apply.