Based on following information answer question:

Apex Ltd. issued to public ₹10,00,000, 10% Debentures of ₹100 each at par, redeemable at a premium of 20%. It also issued 10,000, 11% Debentures ₹100 each as collateral security of against bank loan of ₹8,00,000. 

The company bought building worth ₹50,00,000 from Beta Ltd. against a cheque of ₹20,00,000 and balance by issue of 12% Debentures of ₹100 each at a premium of 20%.

Which of the following cannot be considered as issue of debentures for consideration other than cash?

Issue of Debentures to Public

The correct answer is Option (4) - Issue of Debentures to Public.

The issue of debentures for consideration other than cash involves issuing debentures in exchange for something other than money.

Issue of Debentures to vendor of fixed assets bought on credit: It can be considered an issue of debentures for consideration other than cash because debentures are issued in exchange for fixed assets, not cash.

Issue of Debentures to Underwriters: It can be considered an issue of debentures for consideration other than cash. Underwriters may provide services in exchange for the debentures. It is not a direct cash transaction.

Issue of Debentures to Promoters: It can be considered as an issue of debentures for consideration other than cash. Promoters may provide their services in exchange for debentures.

Issue of Debentures to Public: Generally, when debentures are issued to the public, it involves a cash transaction where individuals purchase debentures by paying cash. Therefore, this is not considered an issue of debentures for consideration other than cash.