Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Issue and Redemption of Debentures

Question:
"Debenture includes Debenture Inventory, Bonds and any other securities of a company whether constituting a charge on the assets of the company or not." Under which section of the Companies Act,2013 this statement is given?
Options:
Section 1(30)
Section 2(30)
Section 3(30)
Section 4(30)
Correct Answer:
Section 2(30)
Explanation:
According to section 2(30) of The Companies Act, 2013 ‘Debenture’ includes Debenture Inventory, Bonds and any other securities of a company whether constituting a charge on the assets of the company or not.