Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Issue and Redemption of Debentures

Question:

What type of record does the company keep for registered debentures?

Options:

Names and addresses of debentureholders

Interest coupon information

Board of directors' notifications

Transfer deed

Correct Answer:

Names and addresses of debentureholders

Explanation:

The correct answer is option 1- Names and addresses of debentureholders. 

Registered debentures are those debentures in respect of which all details including names, addresses and particulars of holding of the debentureholders are entered in a register kept by the company. Such debentures can be transferred only by executing a regular transfer deed.