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Question :

 Which of the following statements is true?

Option 1: Any other instrument will include any kind of security (document) evidencing a debt that a company may issue.

Option 2: For example, Public Deposit, it being an instrument of the company, is also termed as debenture. 

Option 3: The term 'Any Other Instrument' is a wide term that includes every instrument issued by the company that evidences debt.

Option 4: All of the above


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: All of the above


Solution : Answer = All of the above

"Any other instrument" encompasses all forms of securities representing debt that a company may issue, including public deposits, which are also considered debentures. This term is broad, covering any financial instrument that serves as evidence of a company's indebtedness.
Hence, the correct option is 4.

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