Which combination of following statements are Incorrect (False) about debentures-(A) Debenture is a part of owned capital.(B) The payment of interest on debentures is a charge on the profits of the company.(C) The debentures cannot be issued at a discount of more than 10% of the face value.(D) Debentures cannot be converted into shares.(E) Redeemable debentures are those debentures, which are payable on the expiry of the specific period.Choose the correct answer from the options given below:

Let's evaluate each statement:(A) Incorrect: Debenture is a part of borrowed capital (loan), not owned capital.(B) Correct: Interest on debentures is a charge against profit and must be paid irrespective of profits.(C) Incorrect: There is no explicit ceiling limit of $10\%$ on the discount rate for issuing debentures in the Companies Act, unlike erstwhile rules for shares.(D) Incorrect: Convertible debentures can be converted into equity shares after a specific period.(E) Correct: Redeemable debentures are repayable by the company at the end of a specified term.Statements (A), (C), and (D) are incorrect.