Question

Which of the following is not a characteristic of Bearer Debenture?

• A. They are treated as negotiable instruments.
• B. Their transfer requires a deed of transfer.
• C. They are transferable by mere delivery.
• D. The interest on it is paid to the holder irrespective of identity.

Hint:

Bearer Debentures: \[ \text{Transfer} \rightarrow \text{By mere delivery} \] \[ \text{Ownership} \rightarrow \text{By possession} \] No transfer deed is required.

Answer 1

The Correct Option is B