Hemco Ltd. an unlisted (Non-NBFC (HFC) company issued 10,000; 10% Debentures of ₹ 100 each at par on 1st April, 2017 redeemable at 5% premium in three yearly instalments by draw of lots as follows:
On 1st March, 2021 1,000 Debentures
On 1st August, 2021 2,000 Debentures
On 1st March, 2022 3,000 Debentures
The company complied with the legal requirement with respect to DRR and investment (made in Government Securities on 1st April). Pass Journal entries for Issue and Redemption of debentures.
Anurag Pathak Changed status to publish November 5, 2023