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Question
Interest is payable to Debenture holder every year irrespective of whether there are profits or not.
Options
True
False
MCQ
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Solution
True
Explanation:
Debenture holders are creditors entitled to fixed interest payable at stated intervals as a matter of right; the company must pay this contractual interest irrespective of profits (except for zero‑interest debentures or in insolvency).
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