Practicing Success
Practicing Success
CUET Preparation Today
Which of the following is not a characteristic of bearer debentures? |
They are transferable by mere delivery They are transferred by executing a regular transfer deed The interest is paid to the holder irrespective of the identity All of the above |
They are transferred by executing a regular transfer deed |
The correct answer is option 2- They are transferred by executing a regular transfer deed. They are transferred by executing a regular transfer deed is not the Characteristic of bearer debentures. This is a feature of registered debenture. 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. |
