From the point of view of Tenure, debentures can be classified into which of the following types?(A) Redeemable Debentures(B) Non-Convertible Debentures(C) Perpetual Debentures(D) Registered DebenturesChoose the correct answer from the options given below:
- A(A) and (C) only
- B(A), (C) and (B) only
- C(A), (B), (C) and (D)
- D(A), (C) and (D) only
Solution & Step-by-step Explanation
Debentures are classified based on distinct structural criteria:Based on Tenure/Redemption: Redeemable Debentures and Perpetual (Irredeemable) Debentures.Based on Convertibility: Convertible and Non-Convertible Debentures.Based on Negotiability/Records: Registered and Bearer Debentures.Hence, only (A) and (C) qualify when viewed specifically through the perspective of tenure.