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Sun Chemicals Ltd. a listed public Limited Company is a manufacturer of chemical fertilisers having turnover of ₹ 50 crore

786 viewsNovember 2, 2023Redemption of Debentures

Anurag Pathak28.65K November 2, 2023 0 Comments

Sun Chemicals Ltd. a listed public Limited Company is a manufacturer of chemical fertilisers having turnover of ₹ 50 crore. The company has issued 1,00,000; 10% Debentures of ₹ 100 each at par. Determine the amount of Debentures Redemption Reserve which shall be set aside to meet the requirement of law before redemption of the debentures.

Anurag Pathak Changed status to publish November 2, 2023

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Anurag Pathak28.65K Posted November 2, 2023 0 Comments

Solution:-

NIL

Listed company are exempted to create DRR for the purpose of Redemption of Debenture.

Anurag Pathak Changed status to publish November 2, 2023

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Sun Chemicals Ltd. a listed public Limited Company is a manufacturer of chemical fertilisers having turnover of ₹ 50 crore

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