Which statement is correct relating to debentures issued

Solution

Section 71 Debentures- (1) A company may issue debenture with an option to convert such debentures into shares, either wholly or partly at the time of redemption Provided that the issue of debentures with an option to convert such debentures into shares, wholly or partly, shall be approved by a special resolution passed at a general meeting, (2) No company shall issue any debentures carrying any voting rights, (3) Secured debentures may be issued by a company subject to such terms and conditions as may be prescribed.