On 1st April, 2021 the following balances appeared in the books of Blue & Green Ltd., an unlisted (Non-NBFC/HFC) company
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Mahima Ltd an unlisted (Non-NBFC/HFC) company issued ₹ 38,00,000 9% Debentures of ₹ 100 each on 1st April, 2019
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On 1st April, 2021, following were the balances of Blue Bird Ltd., an unlisted (Non-NBFC/HFC) Company
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Excel Ltd. issued 7,500, 6% Debentures of ₹ 100 each on 1st April, 2015 redeemable at a premium of 15% on 31st December, 2021
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Apollo Ltd., an unlisted (Non-NBFC/HFC) company, issued 21,000 8% Debentures of ₹ 100 each on 1st April, 2014 redeemable at a premium of 8% on 30th June,2021
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Godrej Ltd., and unlisted (Non-NBFC/HFC) company, has 20,000; 7% Debentures of ₹ 100 each due for redemption out of profits on 31st August, 2021
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F & R Ltd. issued 5,000, 9% Debentures of ₹ 100 each at par on 1st April, 2020 redeemable at par on 31st March, 2022
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Manish Ltd., an unlisted (Non-NBFC/HFC) company, issued ₹ 40,00,000; 8% Debentures of ₹ 100 each on 1st April, 2019
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India Textiles Corporation Ltd. a listed company has outstanding ₹ 50,00,000; 9% Debentures of ₹ 100 each due for redemption on 31st July, 2022
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On 31st March, 2022, W Ltd., an unlisted company, not being a NBFC or HFC, had the following balances in its books:
Solution:- Note:- Amount proportionate to 50% Debentures redeemed transferred. Alternatively, DRR may be transferred to General Reserve when all the debentures have been redeemed.