What are the different types of debentures from the view point of registration? A. Convertible Choose the correct answer from the options given below: |
A & E only B & C only B & E only C & D only |
B & E only |
The correct answer is option 3- B & E only. There are 2 types of debentures from the view Point of Registration: (i) Registered Debentures: Registered debentures are those debentures in respect of which all details including names, addresses and particulars of holding of the debenture holders are entered in a register kept by the company. Such debentures can be transferred only by executing a regular transfer deed. (ii) Bearer Debentures: Bearer debentures are the debentures that 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. |