alleryStart learning →A contract to take up debentures may be enforced by what remedy?
ALiquidated damages
BForfeiture of deposit
CSpecific performance
DRescission of contract
Answer & Solution
Correct answer: C. Specific performance
Section 71(12) allows a decree for specific performance to compel taking up and paying for debentures.
Keep practising Share Capital and Debentures
Browse all Share Capital and Debentures questions for CA Inter, or explore more Law topics.
Related questions
For shares in depository form, what is prima facie evidence of the owner's interest?In US usage, a debenture is specifically what kind of instrument?Convertible debentures typically carry what interest versus non-convertible ones?On a holder's death, who gets the securities under a valid nomination?Which of these is included in the Act's definition of debenture?Who can order immediate redemption of overdue debentures?A debenture trustee is mandatory if offer exceeds how many persons?Section 71 forbids debentures carrying which right?