Question

The meaning of “Debentures” is covered under which section of Companies Act, 2013:

• A. Section 2(30)
• B. Section 2(68)
• C. Section 2(71)
• D. Section 2(62)

Hint:

Remember: \[ \text{Debenture} \rightarrow \text{Section 2(30)} \] Important nearby sections: \[ 2(62) \rightarrow \text{One Person Company} \] \[ 2(68) \rightarrow \text{Private Company} \] \[ 2(71) \rightarrow \text{Public Company} \]

Answer 1

The Correct Option is A

Concept: The Companies Act, 2013 provides definitions of important corporate and financial terms under Section 2. The term Debenture is specifically defined under: \[ \text{Section 2(30)} \] A debenture generally refers to an instrument acknowledging debt issued by a company.

Step 1: Understand the definition of Debenture.
According to Section 2(30) of the Companies Act, 2013: \[ \textit{Debenture includes debenture stock, bonds, or any other instrument of a company evidencing a debt.} \] Thus: \[ \boxed{\text{Section 2(30)}} \]

Step 2: Analyze the remaining options.
Section 2(68)
Defines a private company. \[ \Rightarrow \text{Incorrect} \] Section 2(71)
Defines a public company. \[ \Rightarrow \text{Incorrect} \] Section 2(62)
Defines one person company. \[ \Rightarrow \text{Incorrect} \]

Step 3: Identify the correct option.
The section covering the meaning of debentures is: \[ \boxed{\text{Section 2(30)}} \] Hence, the correct answer is: \[ \boxed{(A)} \]