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What is the provision for debenture redemption investment according to Company Act? |
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Answer» As per rule 18(7) (C) of the companies Rule 2014, company required to deposit or invest, a sum which shall not be less than 15% of the total face value of the debentures to be redeemed at the end (before 30th April) of the year. The amount so deposited or invested can be utilized only for the purpose of repayment at debentures maturing during the year. |
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