Chapter 3 securities definition

Corporate & Other Laws

What does point (ie) means

Gayathri S Nambiar

CA Final

★ 2K+

13-Oct-22 11:09

616

Answers (2)

It simply means a Bill Receivable or Bill Payable issued by a debtor to his creditor or vice- versa is also termed as a security in this context of defination.

Ardhendu Sekhar Acharya

CMA Inter

★ 250

13-Oct-22 11:31

Ardhendu Sekhar Acharya

It simply means a Bill Receivable or Bill Payable issued by a debtor to his creditor or vice- versa is also termed as a security in this context of defination.

No. it is more like a bond

Sriram Somayajula

Admin

14-Oct-22 06:01