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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.
Options
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.
MCQ
Assertion and Reasoning
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Solution
Both Statement I and Statement II are correct.
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