Debenture holders _____.

Have voting rights if interest is not paid for more than 3 years

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Have voting rights if interest is not paid for more than 2 years

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Have no voting rights

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Have voting rights

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Solution

The correct option is C Have no voting rights
Debenture-holders are the subscribers to debentures. Debentures are part of loan, so a debenture holder is only a creditor of the company. Debenture holders have no rights to vote in the company's general meetings of shareholders, but they may have separate meetings or votes e.g. on changes to the rights attached to the debentures.

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