Match List I with List II. List I List II A. Voting Rights I. Debentu…

Match List I with List II.

List I	List II
A. Voting Rights	I. Debentures
B. Artificial person	II. Shareholders
C. Convertible	III. Shares
D. Represents ownership capital of the company	IV. Company

Choose the correct answer from the options given below :

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → A-II, B-IV, C-I, D-III

(A) Voting Rights — this matches (II) Shareholders. Shareholders vote; debenture holders normally do not.

(B) Artificial person — this matches (IV) Company. A company is an artificial person created by law.

(C) Convertible — this matches (I) Debentures. Debentures can be converted into shares; shares cannot be converted into debentures.

(D) Represents ownership capital of the company — this matches (III) Shares. A share is part of the owned capital; a debenture is only an acknowledgement of debt.

NCERT (2026-27 edition):
Voting Rights – “… Shareholders enjoy voting rights whereas debentureholders do not normally enjoy any voting right.”

NCERT (2026-27 edition):
Features of a Company – “A company may be viewed as an association of person who contribute money or money’s worth to a common inventory and use it for a common purpose. It is an artificial person having corporate legal entity distinct from its members (shareholders) and has a common seal used for its signature.”

NCERT (2026-27 edition):
Convertibility – “… Shares cannot be converted into debentures whereas debentures can be converted into shares if the terms of issue so provide, and in that case these are known as convertible debentures.”

NCERT (2026-27 edition):
Ownership – “… A ‘share’ represents ownership of the company whereas a debenture is only acknowledgement of Debt. A share is a part of the owned capital whereas a debenture is a part of borrowed capital.”