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प्रश्न
State whether the following statement is True (T) or False (F):
Perpetual debentures are also known as irredeemable debentures.
सत्य या असत्य
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उत्तर
This statement is true.
Explanation:
Perpetual debentures do not have a fixed maturity date for the repayment of the principal. The company is under no obligation to repay the principal during its lifetime; the amount becomes payable only upon the company’s liquidation or in the event of a structural default. Hence, they are practically irredeemable.
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