What is meant by redemption of debenture in instalment by drawing of l – InterviewSolution

InterviewSolution

1.	What is meant by redemption of debenture in instalment by drawing of lots?
Answer» When the debentures are redeemed by the company, in annual instalments the serial number of debentures which should be redeemed each year are selected by lottery. This procedure is known as drawings by lots.

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