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Dow Housing Finance Ltd. issued ₹ 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2020 redeemable on 31st March, 2023

560 viewsNovember 1, 2023Redemption of Debentures

Anurag Pathak28.35K November 1, 2023 0 Comments

Dow Housing Finance Ltd. issued ₹ 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2020 redeemable on 31st March, 2023. How much amount should be transferred to Debentures Redemption Reserve?

Anurag Pathak Changed status to publish November 1, 2023

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Anurag Pathak28.35K Posted November 1, 2023 0 Comments

Solution:- Nil Explanation:- Housing Finance Corporation (listed and unlisted) are exempted from creating DRR for the purpose of Redemption of Debentures

Anurag Pathak Changed status to publish November 1, 2023

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Anurag Pathak

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Dow Housing Finance Ltd. issued ₹ 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2020 redeemable on 31st March, 2023

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Anurag Pathak

1 Answer

Anurag Pathak

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