Question : Bharat Finance Ltd., an unlisted company, issued 10,000, 8% Debentures of Rs. 50 each redeemable at par. Out of these debentures, 500 debentures are to be redeemed on 31st December, 2023. Debentures Redemption Reserve should be __________.

Option 1: Rs.3,750

Option 2: Rs.12,500

Option 3: Rs.6,250

Option 4: None of the above

Question : Hindustan Housing Finance Ltd., an unlisted company, has outstanding 20,000, 8% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each. Out of these, 5,000 debentures are to be redeemed on 31st December, 2020. Debentures Redemption Reserve should be

Option 1: Rs. 1,37,500

Option 2: Rs. 2,50,000

Option 3: Nil

Option 4: Rs. 3,50,000

Question : Ram Ltd., an unlisted company, has outstanding 1000,8% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each. Out of these, 500debentures are to be redeemed on 31st December 2020. As of the date of the redemption, Debentures Redemption Investment should be

Option 1: Rs. 7,500

Option 2: Rs. 8,250

Option 3: Rs. 15,000

Option 4: Rs.16,500

Question : Vijaya  Bank Ltd. has outstanding 10,000, 5% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each.These debentures are to be redeemed. Amount that will be set aside out of profits to Debentures Redemption Reserve is

Option 1: Rs. 5,00,000

Option 2: Rs. 12,50,000

Option 3: Rs. 25,00,000

Option 4: Nil

Question : Choose which of the following statements is true?

Option 1: Surplus, i.e., Balance in Statement of Profit and Loss cannot be transferred to Debentures Redemption Reserve.

Option 2: At least 10% of the redeemable value of debentures should be set aside to Debentures Redemption Reserve before the redemption of debentures.

Option 3: Debentures can be redeemed out of capital except by Unlisted companies that are not NBFCs or HFCs.

Option 4: Unlisted NBFCs and HFCs cannot redeem debentures out of capital alone because they haveto transfer amount to Debentures Redemption Reserve.

Question : ICICI BANK Ltd., an Other Financial Institution, has outstanding 50,000,5% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each.These debentures are to be redeemed. Amount that should be invested in Debentures Redemption Reserve is

Option 1: Rs. 7,50,000

Option 2: Rs. 5,00,000

Option 3: Rs. 50,000

Option 4: Nil