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?
Anurag Pathak Changed status to publish November 1, 2023
Solution:-
NIL
Unlisted Non-Banking Finance Companies are exempted to create DRR for the purpose of Redemption of Debentures.
Anurag Pathak Changed status to publish November 1, 2023
