GkSeries.com

Q.

Non-convertible debentures are

[A] Debt instruments which acquire equity status at the investors option
[B] Debt instruments which acquire equity ‘status at the issues’ option
[C] Debt instruments which retain their debt character and cannot equity status
[D] Debt instruments which acquire equity status with the permission of Registrar of Companies
[E] None of the above

Answer & Explanation

Answer: Option [C]

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