Which among the following debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures. Interest on the debentures is paid to a person who produces this interest coupon attached to such debentures?
- ASpecific Coupon Rate Debentures
- BSecured Debentures
- CBearer Debentures
- DRedeemable Debentures
Solution & Step-by-step Explanation
Bearer Debentures are instruments that are transferable by mere delivery. The company maintains no ownership register for them. The interest is paid to whoever physically presents the coupons attached to the certificate.