Question

Statement I: As per the Companies Act 2013, no company (engaged in any project) is allowed to issue debentures having a maturity date of more than 10 years.

Statement II: A company engaged in infrastructure projects can issue debentures for a maturity period more than 10 years but no exceeding 30 years.

In the light of the above statements, choose the most appropriate answer from the options given below.

विकल्प

• Both Statement I and Statement II are correct.

• Both Statement I and Statement II are incorrect.

• Statement I is correct but Statement II is incorrect.

• Statement I is incorrect but Statement II is correct.

Answer 1

Both Statement I and Statement II are correct.