Question : What is the minimum percentage that the company should invest in a Debenture Redemption Investment Account?
Option 1: 8.50% of the nominal value of debentures to be redeemed by 31st March of next year.
Option 2: 12.50% of the nominal value of debentures to be redeemed by 31st March of next year.
Option 3: 15% of the nominal value of debentures to be redeemed by 31st March of next year.
Option 4: 25% of the nominal value of debentures to be redeemed by 31st March of next year.
Correct Answer: 15% of the nominal value of debentures to be redeemed by 31st March of next year.
Solution : Debenture Redemption Investment is an investment made by a company on or before (DRI) 30th April of the current year of an amount that is at least equal to 15% of the nominal value of debentures to be redeemed by 31st March of next year.
Hence, the correct answer is option 3.
Question : How much the amount should be made DRFI ........................................... of the nominal (face) value of the debentures to be redeemed during the year ending March 31 of the next year.
Question : Which of the following statements is correct?
Question : When Debentures are redeemed setting aside 10% of nominal (face) value of outstanding debentures to Debentures Redemption Reserve (DRR) known as redemption out of --------
Question : If the debenture is redeemed at a premium, then premium payable on redemption of debentures is a ____________.
Question : When Debentures are redeemed setting aside amount equivalent to nominal (face) value of outstanding debentures to Debentures Redemption Reserve (DRR). It is known as redemption -------
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