An unlisted public limited company is a manufacturer of chemical fetiliers having Revenue from Operations of ₹ 50 crore
An unlisted public limited company is a manufacturer of chemical fetiliers having Revenue from Operations of ₹ 50 crore. The company had issued 5,000, 12% Debenture of ₹ 500 each at par. Determine the amount of Debentures Redemption Reserve which it should set asie, i.e., transfer to meet the requirements of law.
Anurag Pathak Changed status to publish November 1, 2023
Solution:-
Solution:-
DRR = 10% of ₹ 25,00,000
DRR = ₹ 2,50,000
Explanation:-
Unlisted Companies other than NBFC and HFC are required to create DRR equal to 10% of the value of the outstanding Debentures.
Anurag Pathak Changed status to publish November 1, 2023
