Answer: Option C
Answer: (c)
A person having the debentures is called a debenture holder whereas a person holding the shares is called a shareholder. A shareholder subscribes to the shares of a company.
Shares are the parts of share capital. On the other hand, debenture-holders are the subscribers to debentures. Debentures are part of loans.
A shareholder or member is the joint owner of a company, but a debenture holder is only a creditor of the company.