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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? |
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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? |
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