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

Let's assess the validity of each statement:Statement (A) is wrong: Debentures represent borrowed capital (loan/debt), not owned capital (equity/shares).Statement (B) is wrong: Unlike shares (which face strict statutory discount blocks under Section 53 of Companies Act, 2013), there is no statutory threshold restricting a company from issuing debentures at a discount exceeding 10%, subject to its Articles of Association.Statement (C) is wrong: Convertible debentures can be safely converted into equity shares.Statement (D) is correct: Redeemable debentures explicitly mean those instruments that carry a legal obligation for repayment by the company upon the arrival of a specified maturity date.Since statements (A), (B), and (C) are incorrect, option B is the correct answer.