Accountancy Part AIssue and Redemption of Debentures

Which among the following debentures are the debentures which can be…

Which among the following 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 the debentures is paid to a person who produces the interest coupon attached to such debentures?

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Bearer Debentures

NCERT (2026-27 edition):
From the view Point of Registration – “… Bearer Debentures: 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.”