1.

SRCC Ltd. has issued on 1st April, 2017, 20,000, 12% Debentures of ₹ 100 each redeemable by draw of lots as under:During the year ended on 31st March, 2018 : 15%During the year ended on 31st March, 2019 : 25%During the year ended on 31st March, 2020 : 15%During the year ended on 31st March, 2021 : 25%During the year ended on 31st March, 2022 : 20%How much minimum investment should be made by SRCC Ltd. as per Companies Act, 2013 before redemption of debentures? When should it be made?

Answer» SRCC Ltd. has issued on 1st April, 2017, 20,000, 12% Debentures of ₹ 100 each redeemable by draw of lots as under:



During the year ended on 31st March, 2018 : 15%

During the year ended on 31st March, 2019 : 25%

During the year ended on 31st March, 2020 : 15%

During the year ended on 31st March, 2021 : 25%

During the year ended on 31st March, 2022 : 20%



How much minimum investment should be made by SRCC Ltd. as per Companies Act, 2013 before redemption of debentures? When should it be made?


Discussion

No Comment Found

Related InterviewSolutions