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Which of the following statements is false? (A) A Company can issue redeemable debentures. (B) A Company can issue debentures with voting rights. (C) A Company can issue convertible debentures. - Accounts

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Question

Which of the following statements is false?

Options

  • A Company can issue redeemable debentures.

  • A Company can issue debentures with voting rights.

  • A Company can issue convertible debentures.

  • A Company can buy its own debentures and shares.

MCQ
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Solution

A Company can issue debentures with voting rights.

Explanation:

As per the Companies Act, debentures do not carry voting rights, except in very limited circumstances (like meetings of debenture holders).

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Chapter 7: Company Accounts - Issue of Debentures - OBJECTIVE TYPE QUESTIONS [Page 7.67]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 7 Company Accounts - Issue of Debentures
OBJECTIVE TYPE QUESTIONS | Q A. 10. | Page 7.67
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