Which of the following are correct?
A. A company may issue debentures with the option to convert them to shares, either wholly or partly at the time of redemption.
B. Such an issue has to be approved by a special resolution passed at a general meeting.
C. Debentures with voting rights can be issued.
D. Secured debentures cannot be issued.
E. The debenture trustee has to take steps to protect the interest of debenture holders.
Choose the most appropriate answer from the options given below:

Correct option is B

As per the Companies Act, debentures can be issued with conversion options but require a special resolution. Debentures with voting rights cannot be issued, and debenture trustees protect holders' interests.