Question 11 of 35
Q.Secured debentures must be redeemed within ______ from the date of their issue.
(a) 10 days
(b) 10 years
(c) 15 years
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2022MCQ· 1mImportance★★★★★
31% · 11/35 Questions
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Start your 14-day free trial to unlock the full solution →The correct option is 10 years. Under the Companies Act, 2013 and its rules, secured debentures must ordinarily be redeemed within ten years from the date of issue.
A debenture is an instrument of borrowed capital — the company must eventually repay the money to the debenture-holders. To protect investors, the law fixes a maximum tenure for secured debentures.
- The general rule is that secured debentures are redeemed within 10 years of the date of their issue. …
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