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__________ 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 debentures is paid to a person who produces the interest coupon attached to such debentures

Solution

✅ Correct Option: 3

Bearer debentures are transferable by mere delivery, the company keeps no register of holders, and interest is paid to whoever presents the coupon attached to the debenture.

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