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Question :

The debentures which are secured by either a fixed charge or a floating charge on the assets of the company. A charge on the assets of the company is registered with the Registrar of Companies are called as

Option 1: Secured debentures 

Option 2: Unsecured debentures 

Option 3: Irredeemable debentures

Option 4: Convertible debentures 


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Secured debentures 


Solution : Answer = Secured debentures 

Debentures secured by a charge on the assets of the company, registered with the Registrar of Companies, are termed as secured debentures. This security ensures that in the event of default, debenture holders have a claim over the specified assets, providing them with greater protection compared to unsecured debentures.
Hence, the correct option is 1.

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