“debenture” includes debenture stock, bonds or any other instruments of a company evidencing a debt, whether constituting a charge on the assets of the company or not;
[Provided that –
(a) The instruments referred to in Chapter III – D of the Reserve Bank of India Act, 1934 (2 of 1934); and
(b) Such other instrument, as may be prescribed by the Central Government in consultation with the Reserve Bank of India, issued by a company.
Shall not be treated as debenture;]