Question

Which of the following given statement is correct.

Statement 1 - "Shares cannot be converted into debentures whereas debentures can be converted into shares"

Statement 2 - "Shares can be converted into debentures whereas debentures cannot be converted into shares"

Options

• Only Statement 1 is correct

• Only Statement 2 is correct

• Both the statements are correct

• None of these

Answer 1

Only Statement 1 is correct.