Which of the following statements is false?

The correct answer is option 4- Debentures can be forfeited for non-payment of call money.

Debenture is a loan to company. Forfeiture applies to shares, not to debentures. When shareholders fail to pay call money, their shares can be forfeited. However, debentures represent a loan, and debenture holders are creditors, not owners. Non-payment issues in debentures are handled differently (e.g., legal action or withholding interest), but forfeiture is not applicable.