Forums
Corporate & Other Laws
Can someone explain what the dates mean in this paragraph
Answers (1)
Best Answer
Before 30th April, mentioned companies are required to invest / deposit amount not less than 15% of amount of debentures that are maturing on 31st March of next year and such amount of investment / deposit shall not fall below 15% through the year. In short, actual funds are set aside for the purpose of debenture redemption to the extent of 15% of amount of deb. due