Which of the following is incorrect in respect of the unsecured debentures?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- None of the above
None of the given statements are incorrect.
NCERT : "Unsecured Debentures: Unsecured debentures do not have a specific charge on the assets of the company. However, a floating charge may be created on these debentures by default. Normally, these kinds of debentures are not issued."