Sale of Goods Act, 1930. Section 2(7) of the Sale of Goods Act defines "goods" as under :
" 'goods' means ... obligation. After the debentures are allotted and debenture certificates are delivered to the debenture holder, they become "goods" in the hands
Goods Act. The definition of the word "goods" in the Sale of Goods Act reads as under :
'"goods' means every ... that secured debentures are not actionable claims. It is also obvious that debentures are movable property. That being so, debentures are goods within the meaning
definition of goods, in
as much as, although the shares and stocks are included in the definition
of goods but debentures ... would not come into
existence and they cannot be regarded as goods. Debentures would also
not come within the purview of definition of stock
definition of goods, inasmuch as, although
the shares and stocks are included in the definition of goods but
debentures are not.‖
33. Thus ... included in the definition of goods in
the Sale of goods Act, 1930 and are distinct from debentures, which are not
goods but instruments
definition of goods, inasmuch as, although the shares and stocks are included in the definition of goods but debentures are not.
25. We may also ... would not come into existence and they cannot be regarded as goods. Debentures would also not come within the purview of the definition of stock
goods. Shares are not goods. Till the shares are actually issued, the
question of the company having issued debentures as transferable property would
not arise ... allotment would not come into existence
and cannot be regarded as goods. Debentures would also not come within
the purview of the definition of stock
goods. Shares are not goods. Till the shares are actually issued, the question of the company having issued debentures as transferable property would not arise ... allotment would not come into existence and cannot be regarded as goods. Debentures would also not come within the purview of the definition of stock
prepaid rent, interest and commitment charges, excise
duty on finished goods, debenture issue expenses, disallowance under section
43B and depreciation on loans indication charges
convertible debenture, however, the company had insufficient funds to avail this attractive offer, therefore, sought help for arrangement of finance so that the debentures could ... lakhs was arranged. Subsequently for buying back of of said debentures the goods offices of Anand Pvt. Ltd. were utilized. Since the assessee
William Pickles on Accountancy. According to the learned standing counsel, debenture is not a goods, but only an actionable claim. Therefore, by purchasing the debenture ... debentures becomes a part of the company's capital structure, it does not become share capital. Therefore, debentures are not goods within the meaning
