Page 5 - HA ISSUE OF DEB

d) Both

22. What do you mean by Under subscription?
a) More Application receive by the company than issue

b) Less Application receive by the company than issue

c) None

d) Both

23. The Principal amount of debentures will be repaid by the company

either at the end of a specified period or by instalments during the life

time of the company. Such types of debentures are called :
(A) Redeemable Debentures

(B) Irredeemable Debentures

(C) Convertible Debentures

(D) Bearer Debentures

24. The debentures whose principal amount is not repayable by the
company during its life time, but the payment is made only at the time of
Liquidation of the company, such debentures are called:
(A) Bearer Debentures
(B) Redeemable Debentures
(C) Irredeemable Debentures
(D) Non-Convertible Debentures
25. ‘A’ Ltd purchased the assets from ‘B’ Limited for Rs5,40,000. ‘A’

Limited issued 10% debentures ofRs100 each at 10% discount against

the payment. The number of debentures received by ‘B’ Limited will be :

(A) 54,000
(B) 5,400

(C) 60,000

(D) None of the above

26. ‘A’ Limited purchased the assets from ‘B’ Limited for Rs5,40,000. ‘A’

Limited issued 10% debentures of Rs100 each at 20% premium against
the payment. The number of debentures received by ‘B’ Limited will be :

(A) 4,500