Question : As per Section 53 of the Companies Act, 2013, the issue of shares at a discount shall be void, except in case of -

Option 1: A company may issue share at a discount to its creditors when its debt converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.

Option 2: A company may issue share at a discount to its creditors when its debt converted into shares in pursuance of any statutory resolution plan or merger scheme.

Option 3: A company may issue share at a discount to its debtors when its debt converted into shares in pursuance of any statutory resolution plan or debt restructuring scheme.

Option 4: None of the Above

Question : What is true regarding debentures issued as collateral security?

Option 1: A debenture issue that is made by a company and given to a lender as secondary security is referred to as debenture issued as collateral security.

Option 2: A debenture issue that is made by a company and given to a lender as primary security is referred to as debenture issued as collateral security.

Option 3: A debenture issue that is made by a company and given to a lender as main security is referred to as debenture issued as collateral security.

Option 4: Both 2 and 3

Question : Which of the following statements is not true?

Option 1: Interest on debentures is a charge against a profit of the company and is payable whether the company earns a profit or incurs a loss.

Option 2: Interest on debentures is calculated at a fixed rate of interest on the nominal (face) value.

Option 3: Interest is payable on debentures issued as collateral security.

Option 4: Balance in Debentures' Interest Account is transferred to Statement of Profit and Loss (Finance Cost) at the end of the year.

Question : Which of the following statements is not true?

Option 1: Interest on debentures is a charge against a profit of the company and is payable whether the company earns a profit or incurs a loss.

Option 2: Interest on debentures is calculated at a fixed rate of interest on the nominal (face) value.

Option 3: Interest is payable on debentures issued as collateral security.

Option 4: Balance in Debentures' Interest Account is transferred to Statement of Profit and Loss (Finance Cost) at the end of the year.

Question : Which of the following statements is not true?

Option 1: Coupon rate is a specified interest rate payable on debenture.
 

Option 2: Zero Coupon Bonds are issued  with a specified interest rate.
 

Option 3: Deep Discount Bonds are issued at a price substantially below the maturity value.

Option 4: In India, debentures issued by Companies have necessarily to be secured.