Multiple Choice Questions on No concept of call for bonds and debenture as per Companies Act 2013 ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

No concept of call for bonds and debenture as per Companies Act 2013 ........

Companies Act-Phase (I & II) Share capital and debentures
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    No concept of call for bonds and debenture as per Companies Act, 2013?

    Yes

    Correct Answer

    No

    Incorrect Answer

    Partly Yes

    Incorrect Answer

    Partly No

    Incorrect Answer
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    Explanation:

    Bonds and Debentures are debts, so they are always fully paid up. As per Section 49 of the Companies Act, 2013, uniform calls for same class of shares only not the securities.

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