The unregistered debentures are known as naked debentures. (State True or False)
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true may this answer will help you
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Answer: True
Explanation:
Naked debentures are also termed as Simple Debentures .These debentures don’t carry any security or charge on the company`s assets. These debenture holders does not enjoy the right to attach any particular property as a part of their security for the repayment of their interest or principal.
On the other hand unregistered debentures which are also called bearer debentures refers to those debentures which can be transferred to anyone through simple delivery. The holder of the debenture is entitled for receiving interest and principal. It is similar to the likes of share warrant.
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