Forums

Debenture Redemption Reserve

Corporate & Other Laws

Can someone explain what the dates mean in this paragraph

IMG_20210504_165834~2.jpg

TarunGopi Katragadda

TarunGopi Katragadda

CA Inter

135

04-May-21 17:01

400

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


Sahibdeep Singh

Sahibdeep Singh

CA Inter

14K+

04-May-21 19:26

Offer