Star Finance Ltd., an unlisted NBFC issued 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2017 redeemable on 31st March, 2021
Star Finance Ltd., an unlisted NBFC issued 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2017 redeemable on 31st March, 2021. How much amount it should transfer to Debentures Redemption Reserve before the redemption of debentures?
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Solution:-
NIL
Unlisted Non-Banking Finance Companies are exempted to create DRR for the purpose of Redemption of Debentures.
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