Target Exam

CUET

Subject

-- Accountancy Part A

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:

The correct answer is option 2- Section 2(30).

The above statement is given under the Section 2(30).


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.