COMPANIES ACT 1963 – SECT 94 Perpetual debentures.

94.—A condition contained in any debentures or in any deed for securing any debentures, whether issued or executed before or after the operative date, shall not be invalid by reason only that the debentures are thereby made irredeemable or redeemable only on the happening of a contingency, however remote, or on the expiration of a period, however long, notwithstanding any rule of law to the contrary.