CUET Preparation Today
How is interest on bearer debentures paid? |
To the person who produces the interest coupon Through direct bank transfers to registered debentureholders By endorsing the debenture certificate By notifying the company's board of directors |
To the person who produces the interest coupon |
The correct answer is option 1- To the person who produces the interest coupon. Bearer debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures Interest on debentures is paid to a person who produces the interest coupon attached to such debentures. |
