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Negotiable instrument

Corporate & Other Laws

Sir, Bearer bonds are like promissory note but which are bearer in nature. [In the sense, promissory note includes currency notes of India]

Pranav Connecting...

CA Inter

★ 4K+

19-Jun-20 19:18

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Answers (2)

Bonds are instruments which indicate that a loan is given. There is no promise to pay. It is more like a certificate. Promissory notes payable to bearer can be issued only by RBI under the RBI Act.

CA Suraj Lakhotia

Admin

19-Jun-20 19:20

CA Suraj Lakhotia Admin

Bonds are instruments which indicate that a loan is given. There is no promise to pay. It is more like a certificate. Promissory notes payable to bearer can be issued only by RBI under the RBI Act.

Yes ok... thank you sir...

Thread Starter

Pranav Connecting...

CA Inter

★ 4K+

19-Jun-20 19:21