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Question
Own debentures are those debentures of the company which ______.
Options
The company allots to its own promoters
The company allots to its Director
The company purchases from the market and keeps them as investments
MCQ
Fill in the Blanks
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Solution
Own debentures are those debentures of the company which the company purchases from the market and keeps them as investments.
Explanation:
“Own debentures” are debentures of the company that the company itself has bought back (e.g., from the market) and holds/cancels. Allotting debentures to promoters or directors is issuing to related parties, not holding the company’s own debentures.
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