Match List-I with List-II:List-IList-II(A) Redeemable Debentures(I) The debentures which can be transferred by way of delivery and the company does not keep any record of the debentures(B) Convertible Debentures(III) These debentures are issued with a specified rate of interest(C) Specific Coupon Rate Debentures(III) Which are convertible into equity shares or in any other security either at the option of the company or the debentureholders(D) Bearer Debentures(IV) Which are payable on the expiry of the specific period either in lump sum or in instalments during the life time of the company.Choose the correct answer from the options given below:
- A(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
- B(A) - (II), (B) - (IV), (C) - (III), (D) - (I)
- C(A) - (II), (B) - (I), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Let us systematically verify the legal definitions of these debentures:(A) Redeemable Debentures: Debt instruments structured to be repaid upon reaching maturity, either as a lump sum or in installments. Maps to (IV).(B) Convertible Debentures: Instruments that give holders the right to exchange their debt for equity shares after a set period. Maps to (III).(C) Specific Coupon Rate Debentures: Bonds launched with a clearly stated, fixed interest yield. Maps to (II).(D) Bearer Debentures: Unregistered securities transferable by physical delivery, where the company keeps no ownership records. Maps to (I).This gives the sequence: (A) - (IV), (B) - (III), (C) - (II), (D) - (I).