1.

Fill in the blanks with appropriate words: (i) Debentures are redeemed without setting aside amount to Debenture Redemption Reserve (DRR). It is redemption out of _______ (ii) Debentures are redeemed setting aside full nominal (face) value of debentures of Debenture Redemption Reserve (DRR). It is redemption out of ________ (iii) Debentures are redeemed setting aside 25% of nominal (face) value of debentures to Debenture Redemption Reserve (DRR). It is redemption out of ________ (iv) Amount should be set aside to _______ before the redemption of debentures. (v) Debentures Redemption Investment (DRI) should be made of an amount at least equal to ______ of the nominal (face) value of the debentures to be redeemed during the year ending March 31 of the next year. (vi) Debenture Redemption Investment (DRI) should be made _________ 30th April of the year in which debentures are redeemed. (vii) Discount or Loss on Issue of Debentures is a _______ (viii) It is not necessary for _______ to set aside amount to Debenture Redemption Reserve (DRR). (ix) It is not necessary for All India Financial Institutions regulated by RBI and Banking Companies to Invest amount in ________ (x) Once the debentures are redeemed, amount of DRR is transferred to ________

Answer»


SOLUTION :(i) CAPITAL (II) profit (iii) profit and capital (iv) Debenture Redemption Reserve (DRR); (v) 15% (vi) on or before (vii) capital loss (VIII) All India Financial INSTITUTIONS regulated by RBI and Banking Companies (ix) Debenture Redemption Investment (DRI) (x) General Reserve


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