alleryStart learning →Which debentures are excluded under the Deposits Rules?
AUnsecured redeemable ones
BCompulsorily convertible ones
CThose issued at a discount
DPerpetual unsecured ones
Answer & Solution
Correct answer: B. Compulsorily convertible ones
Bonds or debentures compulsorily convertible into shares within five years, and those secured by a first charge on assets, are excluded.
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