Debentures issued for consideration other than cash includes, debentures :
(A) Issued to bank as additional security
(B) Issued to vendor
(C) Issued to Public
(D) Issued to creditor
(E) Issued for cash
Choose the correct answer from the options given below :
(
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
(C), (B), (A) and (E) only
B
(A), (B) and (D) only
C
(A), (D) and (C) only
D
(B), (D) and (E) only
Correct Answer
(A), (B) and (D) only
Detailed Explanation
Debentures issued for consideration other than cash include debentures issued to :
1 . PROMOTERS of the company for rendering services for incorporating the company .
2. For UNDERWRITERS for undertaking to subscribe the unsubscribed debentures.
3. For VENDORS of assets against purchase .
4. For PURCHASE of business
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